Embraer still awaiting US Approval for Iran Deal  

By John Lee.

Brazil’s Embraer says it is still awaiting for approval from the US Treasury Department’s Office of Foreign Assets Control (OFAC) for sales of aircraft to Iran.

The company has been quoted as saying that it remained “active and optimistic” about plans to sell planes to the Islamic Republic.

In February 2016 Iran confirmed that it had ordered 50 planes from the company on a hire purchase contract; reports later said the Brazilian company was considering a plan to sell its E-195 jets to Iran in a deal worth over $1 billion.

Two major Iranian carriers – ATA and Kish Airlines – have already announced plans to purchase planes from the Brazilian company.

(Source: PressTV)

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