Boeing ends decades-long hiatus in business with Iran
PRESSTV (Iran) Thu Oct 23, 2014 5:7AM GMT
http://presstv.com/detail/2014/10/23/383287/boeing-ends-break-in-business-with-iran/

American aircraft-manufacturing giant Boeing has ended a 35-year break in
business with Iran, supplying the country’s national flag carrier with a
cargo of plane parts.

"During the third quarter of 2014, we sold aircraft manuals, drawings, and
navigation charts and data to Iran Air," Boeing said in its quarterly report
on Wednesday.

This is the first time that the American company has sold plane parts to
Iran Air since the 1979 Islamic Revolution.

The business deal brought Boeing USD 120,000 in revenue, the report added.

The sales came after the US Treasury Department issued a license in April
that allowed Boeing to provide "spare parts that are for safety purposes" to
Iran for a "limited period of time."

Boeing said the plane parts were purchased "consistent with guidance from
the US government in connection with ongoing negotiations."

Boeing, which is still banned from selling new aircraft to the Islamic
Republic, said that it could sell more plane parts to Iran Air in the
future.

"We may engage in additional sales pursuant to this license," it added.

In February, two major US aerospace manufacturers, Boeing and General
Electric, applied for export licenses in order to sell airliner parts to
Iran following an interim nuclear agreement between Tehran and the P5+1
group of world powers in November 2013.

Under the deal dubbed the Geneva Joint Plan of Action, the six countries -
the US, France, Britain, Russia, China and Germany - undertook to provide
Iran with some sanctions relief in exchange for Tehran agreeing to limit
certain aspects of its nuclear activities.

In the past decade, Iran has witnessed several major air accidents blamed on
its aging aircraft due to the US sanctions that prevent Iran from buying
aircraft spare parts.

DB/NN/KA