Iran intends to sue Boeing

Iran intends to sue Boeing

Iranian authorities will sue the U.S. plane-maker Boeing at international tribunals for the latter's cancellation of an Iranian order for 80 aircraft, Iranian MP Taqi Kabiri said.

"The Islamic Republic will seriously pursue the cancellation of the Boeing agreement through international, legal and judicial tribunals," Press TV cited Kabiri as saying. 

The news came after Boeing had backtracked on an earlier agreement to supply Iran with dozens of aircraft. AirBus is expected to follow suit having been stripped of a respective license in the wake of the US withdrawal from the Iranian nuclear pact.

Kabiri’s statement arrived two days after Boeing stated it would not fulfill a lucrative multi-billion-dollar contract to sell jets to the national carrier Iran Air, given the fact that it no longer has a license to trade with Iran.

In May, the US Treasury said that Airbus and Boeing would no longer be licensed to sell to the Persian Gulf state, thus dooming the 2016 and 2017 contracts with Iran, worth roughly $39 billion in total, which oversee the delivery of 110 Boeing passenger jets and 100 Airbus planes to the country.

The licenses were revoked following US President Donald Trump’s announcement in May to pull out of the historic P5+1 nuclear deal, which stipulated the eventual lifting of anti-Iranian sanctions in exchange for Tehran ensuring the peaceful nature of its nuclear program.