Boeing, GE receive official nod to sell spare parts to Iran

April 6, 2014 8:17 am

Boeing Co and General Electric Co have said they had received licences from the US Treasury Department to export certain spare parts for commercial aircraft to Iran under a temporary sanctions relief deal that began in January, Reuters has reported. GE said the Treasury had approved the company’s application to service 18 engines sold to Iran in the late 1970s. Boeing said the licence covers only components needed to ensure continued safe flight operations of older Boeing planes sold to Iran before the 1979 revolution, and does not allow any discussions about sales of new aircraft to Iran.