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After sanctions   Office of Foreign Assets Control

U.S. grants second Airbus licence to sell planes to Iran

Airbus A380The United States said it had issued a second licence to France's Airbus to sell commercial planes to Iran Air.

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The U.S. Treasury's Office of Foreign Assets Control issued the licence for the sale of 106 planes to Iran Air, a source familiar with the matter said to Reuters, on condition of anonymity.

An Airbus spokesman confirmed that the company had received the OFAC licence, but declined to confirm the exact number of planes approved.

Although Airbus is based in France, it must have U.S. approval to sell planes to Iran because at least 10 percent of the aircraft's components are American-made.

Tehran provisionally ordered more than 100 jets each from Airbus and Boeing this year. Before the licence was issued, Airbus had U.S. permission for the sale of 17 jets to Iran.

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