Iran, Airbus to build aircraft parts

EghtesadOnline: Iran and Airbus will cooperate to manufacture aircraft parts in near future.

News ID: ۷۷۲۰۱۱

06 December 2016

Head of Iran's National Space Center Manouchehr Manteqi said the officials of both parts held talks to build aircraft parts, adding the cooperation would begin soon.

According to ISNA, he stated that 30 percent of Iran’s production in this area is related to airplane design, adding the rest 70 is about aircraft parts.

Iranian official underlined that manufacturing the plane parts has already begun in the country.

On Sept. 21, Airbus announced that an application to sell airplane to Iran  was approved by the US Department of Treasury’s Office of Foreign Assets Control (OFAC). Although Airbus is based in France, it must obtain OFAC approval to sell planes to Iran because at least 10% of the components used to build the planes are made in the United States.