Iran seeks to sue US plane-maker Boeing at international tribunals for unilaterally terminating the contract, in which Boeing agreed to sell 80 Boeing aircraft to Iran.
“The Islamic Republic will seriously sue the cancellation of the Boeing agreement through international, legal and judicial tribunals,” senior Iranian lawmaker Taqi Kabiri said in a local television interview.
“From the very beginning, we should have got a strong guarantee from the aircraft manufacturer so that they would not be able to easily violate their contracts,” Kabiri added.
Last Wednesday, Boeing announced that it will not sell aircraft to Iran Air because it no longer has the licences to sell aircraft to airlines in Iran. The licenses to sell aircraft to Iran was issued to Boeing in 2016 by the U.S Office of Foreign Assets Control (“OFAC”), after the economic embargo was lifted following the landmark 2015 nuclear accord.
The US Treasury said in May, that the licenses held by Boeing and Airbus to sell passenger jets to Iran would be revoked and gave 180 days of winding down period.
Airbus has signed a contract with IranAir for the sale of 100 jetliners worth about $19 billion at list prices, and already managed to deliver one A321 and two A330s soon after the sanctions were lifted. Despite Airbus being European plane maker, it still be subjected to US government OFAC export licences as the aircraft contain over 10% US manufactured content.
Source close to the industry said, that Iran and Airbus are considering to deliver some jets during the ‘wind down period’ of 180 days before the US sanctions return again on 4 November 2018.