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Aviation giants Airbus, Boeing get US green signal to sell aircraft to Iran

The deal allows the foreign aviation giants to sell or lease over 200 jets to air carrier IranAir. Photograph: (Getty)

New York, NY, United States Sep 22, 2016, 03.26 AM (IST)
Aviation giants, Airbus and Boeing, announced on Wednesday that they have been given a green light by the United States to sell planes to Iran Air, in what is being viewed as first such deal in decades.  

Europe-based Airbus and Chicago-based Boeing have been granted licenses from the US Treasury Office of Foreign Assets Control following last year's nuclear accord that lifted international sanctions from the West Asian country in exchange of Iran limiting its enrichment of uranium, AFP reported. 

Both the companies have struck separate $25 million deal, media reports said. 

The deal allows the foreign aviation giants to sell or lease over 200 jets to air carrier IranAir, according to Reuters. 

The license issued to Airbus will allow sale of 17 planes, including A320s and A330s, Airbus spokesman Justin Dubon was quoted as saying by the news agency Associated Press. 
 
The move comes along the sidelines of the United Nations General Assembly in New York and signals US President Barack Obama honouring the terms of the nuclear accord.  

Meanwhile, the deal, which has been touted as an 'international achievement' by Iranian President Hassan Rouhani. is likely to bolster Iran's economy that had been paralysed by international sanctions. 

Opposition from Republicans

United States Republicans have condemned the deal saying that jets could be misused by Iran for military purposes, international news agency Reuters reported today. 

The Republicans lashed out at the Obama administration for its favourable policies towards Iran. 

Speaker of the US House of Representatives said the administration “bended over backwards” to help Iran. 

(WION with inputs from agencies) 
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