WASHINGTON, D.C. (TheStreet) -- Neither Airbus nor Boeing can do business with Iran's airlines, with one notable exception: Both are able to provide support on safety of flight matters to the carriers, subject to government approval.
Such matters could involve supplying parts considered critical to safe operations, dissemination of information about inspection procedures that relate to a Federal Aviation Administration airworthiness directive, airplane manual updates that are driven by safety concerns or other assistance.
Last week, the U.S. Treasury said Mahan Air Iran's second largest airline, would be sanctioned because of its relationships with the terrorist group Hezbollah and the Islamic Revolutionary Guard Corps-Quds Force, which allegedly hatched a plot to murder the Saudi Arabian ambassador to the U.S.
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