Saturday, 26 July 2014

Boeing / Iran Deal

US aircraft manufacturer Boeing has confirmed a deal with Iran Air to provide the heavily sanctioned airline special spare parts.  The new deal marks the first time the US firm will be doing business with Iran since the US embargo of 1979.
According to a regulatory filing published on July 23, Boeing will supply goods and services "related to the safety of flight" to Iran Air, the country's flag carrier. According to the report filed the agreement was reached in the second quarter and includes the provision of airplane parts, manuals, navigation charts and data to the airline, in line with the US company's recommendations to customers for such things as an aircraft modification, a parts replacement or inspection.
Boeing also reported it had discussions with the flag carrier's subsidiary, Iran Air Tours, on the potential sale of similar goods and services. In April, the US government issued a license allowing Boeing, for a "limited period of time," to provide "spare parts that are for safety purposes" to Iran. Boeing, like most western manufacturers are still not allowed to sell new planes to Iran.