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April 5, 2014 9:39 pm
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Boeing, GE Receive Licences From U.S. Treasury to do Business With Iran

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Saudi Arabian Airlines Boeing 747-468 . Photo: Wikipedia.

Reuters – Boeing Co (BA.N), the world’s biggest airplane maker, and engine maker General Electric Co (GE.N) said on Friday they had received licenses from the U.S. Treasury Department to export certain spare parts for commercial aircraft to Iran under a temporary sanctions relief deal that began in January.

GE spokesman Rick Kennedy said the Treasury had approved the company’s application to service 18 engines sold to Iran in the late 1970s. They will be serviced at facilities owned by GE or Germany’s MTU Aero Engines (MTXGn.DE), which is licensed to do the work.

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