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Boeing good to go to negotiate aircraft sales to Iran

Staff writer |
Boeing received the green light from the Obama administration to study the commercial airplane market in Iran.

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"We have applied for and received a license to assess the current commercial passenger airplane needs of US government-approved Iranian airlines," Boeing said.

"The license permits us to engage approved airlines to determine their actual fleet requirements."

The license frees Boeing from some of the restrictions of sanctions the US continues to place on Iran over its past support for alleged terror activities and human rights abuses.

Boeing said it is working to keep up with rivals Bombardier and Airbus. Airbus in January secured a deal to sell Iran 118 planes for about $25 billion.

"We understand that the situation in the region is complicated and ever-changing and we will continue to follow the US government's guidance as it relates to conducting business with Iran," Boeing said.

That embargo is blamed for crippling the country's aviation industry. Iran's civil aviation fleet is now around 140 aircraft, with an average age of around 20 years, and many are in desperate need of replacement.

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