Skip to main content

Questions abound as Iranians claim US Treasury licensing plane sales to Iran

The US Treasury Department is reportedly finally moving on issuing the necessary licenses for airplane sales to Iran after a long period of inactivity.
A Bombardier CRJ 1000 of French low-cost Hop! airline company takes off the Toulouse-Blagnac airport, near Toulouse, on October 19, 2017. / AFP PHOTO / PASCAL PAVANI        (Photo credit should read PASCAL PAVANI/AFP/Getty Images)

Questions have emerged about whether the US Treasury Department’s Office of Foreign Assets Control (OFAC) has issued new licenses to Canadian plane manufacturer Bombardier Inc. to sell passenger aircraft to Iran. If true, it would be the first such approval since President Donald Trump took office and comes at a time when Tehran is trying to overcome financing challenges associated with aircraft deals signed in the aftermath of its nuclear accord with the six world powers.

Morteza Sheikhzadeh, a spokesman for Iran’s Qeshm Free Area Organization, told Al-Monitor that Bombardier has reportedly received a license to supply 10 regional CRJ series jets to the organization for its soon-to-be-launched airline, Fly Qeshm. “We and the Canadian company are reviewing the drafted contract, but we haven’t exchanged the papers as of yet,” Sheikhzadeh said. “OFAC licenses for these sales were issued recently.”

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.


Only $100 per year.