The US Treasury has awarded American-based Boeing and GE a license to sell spare parts to Iran. The move is part of a temporary sanctions relief deal that began in January, Reuters reported. The deal breaks a long trade silence between the US and Iran.
General Electric’s (GE) application was approved on Friday, said the company’s spokesman, Rick Kennedy. The application requested to service 18 engines sold to Iran in the late 1970s.
The spokesman added that the service will be completed at facilities owned by GE or Germany’s MTU Aero Engines.
Boeing, the world’s largest airplane company, also received a license this week and will now be in touch with Iran to determine which spare parts will be exported, according to the company’s spokesman.
Please follow SGT Report on Twitter & help share the message.