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U.S. House votes to bar sales of commercial aircraft to Iran
Source: Reuters
WORLD NEWS | Thu Nov 17, 2016 | 3:51pm EST
U.S. House votes to bar sales of commercial aircraft to Iran
By Patricia Zengerle | WASHINGTON
The U.S. House of Representatives passed a bill on Thursday that would block the sale of commercial aircraft to Iran, a bid to stop sales by Boeing and Airbus that have already been approved by President Barack Obama's administration.
The bill passed the Republican-led House by 243-174 largely along party lines. Eight Democrats joined Republicans in favor. All 174 "no" votes were from Democrats.
The measure would bar U.S. Treasury Department from issuing licenses that U.S. banks would need to finance sales of commercial aircraft, the latest in a series of efforts by congressional Republicans to counteract the international nuclear deal between Iran, the United States and other world powers.
The deals by Airbus and Boeing to sell or lease over 200 jets to IranAir would help modernize and expand the country's elderly fleet, held together by smuggled or improvised parts after years of sanctions.
Although Airbus is based in France, it must have the U.S. Treasury Department's approval for the sale because at least 10 percent of the aircraft's components are American-made.
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U.S. House votes to bar sales of commercial aircraft to Iran
By Patricia Zengerle | WASHINGTON
The U.S. House of Representatives passed a bill on Thursday that would block the sale of commercial aircraft to Iran, a bid to stop sales by Boeing and Airbus that have already been approved by President Barack Obama's administration.
The bill passed the Republican-led House by 243-174 largely along party lines. Eight Democrats joined Republicans in favor. All 174 "no" votes were from Democrats.
The measure would bar U.S. Treasury Department from issuing licenses that U.S. banks would need to finance sales of commercial aircraft, the latest in a series of efforts by congressional Republicans to counteract the international nuclear deal between Iran, the United States and other world powers.
The deals by Airbus and Boeing to sell or lease over 200 jets to IranAir would help modernize and expand the country's elderly fleet, held together by smuggled or improvised parts after years of sanctions.
Although Airbus is based in France, it must have the U.S. Treasury Department's approval for the sale because at least 10 percent of the aircraft's components are American-made.
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Read more: http://www.reuters.com/article/us-iran-aviation-usa-idUSKBN13C2MJ