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Iran calls on EU to secure Airbus deliveries

Dec. 17, 2018 7:53 AM ETAirbus SE (EADSY) StockEADSY, EADSFBy: Yoel Minkoff, SA News Editor
  • Iran has called on the EU to press U.S. authorities to allow delivery of Airbus (OTCPK:EADSY) passenger aircraft purchased by Tehran, Iran's student news agency ISNA reports.
  • The U.S. Treasury previously revoked licenses for Boeing and Airbus to sell commercial planes to Iran Air after President Trump pulled out of the Iran nuclear accord and reimposed sanctions.
  • Although Airbus is based in France, it must have American approval to sell planes to Iran because at least 10% of the components of the aircraft are U.S.-made.

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