Weeks after Secretary of State John Kerry fell on his knees and begged Europe’s top banks to begin investing in Iran, the Obama administration is set to allow American aircraft sales to the Islamic Republic. In an apparent effort to kick start Iran’s ailing economy, the US Treasury Department is now approving requests from both US and European plane makers to begin selling planes and aircraft equipment. The sales are seen as the “highest-profile trade breakthroughs since nuclear sanctions were lifted on the Islamic Republic in January,” according to The Wall Street Journal.
Representatives from industry heavyweights Boeing and Airbus confirmed Wednesday that they would begin exporting jetliners to Iran to supplement the Iran Air fleet. Officials from both companies have made multiple trips to Tehran over the last couple of months in anticipation of a sales deal.
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