Boeing, GE seek to supply Iran with spare plane parts
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Boeing, GE seek to supply Iran with spare plane parts

Boeing, GE seek to supply Iran with spare plane parts

In light of eased sanctions, US aerospace firms apply to deal directly with the Islamic Republic for first time in 3 decades

By Times of Israel staff February 21, 2014

At least two US aerospace companies have applied for export licenses to sell passenger airplane parts to Iran in light of an easing of sanctions that is part of an interim nuclear deal between Tehran and Western powers.

Both Boeing and General Electric are reportedly seeking access, for the first time since 1979, to the Islamic Republic, according to industry insiders cited by Reuters.

A spokesman for GE said his company had been asking to provide parts and maintenance to Iran for safety reasons since 2004. He added that the firm had recently refiled its request.

“We don’t want to make a penny on it. It’s entirely for flight safety,” Rick Kennedy said, indicating that any proceeds from sales would go to charity, according to the Reuters report. Boeing declined to comment.

Last month, the US Commerce Department issued an emergency order using US anti-terrorism export control laws against a Turkish company in an attempt to stop it from exporting two Boeing airplane engines to Iran.

The order, signed by Assistant Secretary David Mills, imposed strict restrictions for 180 days against the trade or shipping of any items on US export control lists. It also prevented other companies, including banks, from financing or supporting restricted trade by the Turkish firm. Violating the order also could subject the company and its associates to criminal prosecution in the United States.

via Boeing, GE seek to supply Iran with spare plane parts | The Times of Israel.

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One Response to "Boeing, GE seek to supply Iran with spare plane parts"

  1. Karl K. Boldman Jr.
    Karl K. Boldman Jr.  February 22, 2014 at 3:34 am

    This would be the GE that paid NO taxes in 2012 because of outsourcing outside of the US. The same GE who’s CEO, Jeffrey Immelt, is the White House Jobs Czar. (Whatever a Czar is.) The plutocracy hard at work. This deal will not mean jobs for the US but it will mean profit for GE and tax free to boot.

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