BREAKING NEWS

US aerospace firms move to sell jet parts to Iran, in test of detente

By REUTERS

FEBRUARY 21, 2014 21:56

US aerospace companies are seeking permission to sell airliner parts to Iran for the first time in three decades, in a key test of the temporary relief on sanctions given under talks to curtail Iran's nuclear activities.

At least two leading manufacturers, Boeing and engine maker General Electric (GE), have applied for export licenses in a six-month window agreed by Iran and six world powers in November, industry officials and other sources familiar with the matter said.

If approved, the sales would be the first acknowledged dealings between US aerospace companies and Iran since the 1979 US hostage crisis led to sanctions that were later broadened during the dispute over Iran's nuclear activities.

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