Boeing has obtained a U.S. license to sell aircraft to the Islamic State of Iran. Earlier on wednesday, European jet maker Airbus also obtained its license. Both manufacturer needed a license in order for the mega-deals not to fall through. Airbus, not being a US manufacturer, still needed a U.S. license due to the many parts that come from the American supply chain.

Boeing cleared for sale

Obtaining a license was not easy as lawmakers from the House of Representatives tried blocking Boeing from selling aircraft to Iran due to any potential risk it may bring.

By obtaining the license Boeing can finalize a tentative agreement it negotiated with Iran for the sale of 80 aircraft and 29 aircraft to be leased. With sales having stalled so far this year, Boeing will likely try to add at least some of the orders from Iran to the order book for 2016.

The deal for up to 109 is a tentative one and might differ from the final agreement that both parties will ink. Nevertheless, by obtaining a license both jet makers see a market opening that had been “closed” for almost 40 years.

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AeroAnalysis was founded in June 2015 and commenced operation in July 2015. In 2013 AeroAnalysis started publishing its work on investing research platform SeekingAlpha, primarily covering the aerospace industry from a unique angle, combining knowledge about investing and aerospace products into unique write-ups that spark healthy discussions and give meaningful insight to investors.