BREAKING NEWS

US grants Airbus license to sell 106 planes to Iran

By REUTERS

NOVEMBER 22, 2016 18:52

WASHINGTON - The US Treasury Department has issued a license to France's Airbus for the sale of 106 commercial planes to Iran Air, Iran's flagship carrier, a source familiar with the matter said on Tuesday.

The Treasury's Office of Foreign Assets Control issued the license on Monday, the source said on condition of anonymity.

Although Airbus is based in France, it must have US approval to sell planes to Iran because at least 10 percent of the aircraft's components are American-made.

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