Boeing, GE say get U.S. license to sell spare parts to Iran

Fri Apr 4, 2014 7:27pm EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

By Andrea Shalal and Tim Hepher

WASHINGTON/PARIS (Reuters) - Boeing Co (BA.N: Quote), the world's biggest airplane maker, and engine maker General Electric Co (GE.N: Quote) said on Friday they had received licenses from the U.S. Treasury Department to export certain spare parts for commercial aircraft to Iran under a temporary sanctions relief deal that began in January.

GE spokesman Rick Kennedy said the Treasury had approved the company's application to service 18 engines sold to Iran in the late 1970s. They will be serviced at facilities owned by GE or Germany's MTU Aero Engines MTXGn.DE, which is licensed to do the work.

He said GE officials would meet with officials from Iran flag carrier Iranair and MTU in Istanbul next week to discuss Iran's needs.

A Boeing spokesman said his company received the license this week and would now contact officials in Iran to determine which parts were needed.

He said the license covered only components needed to ensure continued safe flight operations of older Boeing planes sold to Iran before the 1979 revolution, and did not allow any discussions about sales of new aircraft to Iran.

"It's very limited," said the spokesman.

The sales would be the first acknowledged dealings between U.S. aerospace companies and Iran since the 1979 U.S. hostage crisis led to U.S. sanctions that were later broadened during the dispute over Iran's nuclear activities.

Reuters reported in February that both Boeing and GE had applied for permission to export aircraft parts to Iran during a six-month window agreed by Iran and six world powers in November.   Continued...

 
The Boeing logo is seen on a Boeing 787 Dreamliner airplane in Long Beach, California March 14, 2012. REUTERS/Lucy Nicholson