U.S. Could 'Amend, Modify, Revoke' Airliner Exports to Iran | Aviation International News

Regulations and Government

U.S. Could 'Amend, Modify, Revoke' Airliner Exports to Iran

A regulatory provision allows the Department of the Treasury's Office of Foreign Assets Control to withdraw licenses granted to Airbus, Boeing.

The U.S. Department of the Treasury in Washington, D.C., could withdraw export authorizations. (Photo: Bill Carey)

January 5, 2017

Licenses the U.S. government granted to Airbus and Boeing last fall to sell airliners to Iran Air could be “amended, modified or revoked at any time,” a provision that renders the transactions vulnerable at a time of political upheaval in Washington, D.C. During his successful campaign for the presidency, Republican Donald Trump denounced the July 2015 nuclear agreement with Iran that made the sales possible, and the previous Republican-ruled House of Representatives—now still under Republican control—voted to block any financing of aircraft sales to Iran.

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