Boeing said Friday that it had received a license from the United States to hold talks with airlines in Iran but that it would need additional U.S. approval to sell them jetliners.
“We have applied for and received a license to assess the current commercial passenger airplane needs of U.S. Government-approved Iranian airlines,” Boeing said in a statement. “The license permits us to engage approved airlines to determine their actual fleet requirements.”
The company said it received the license Thursday, nearly a month after European rival Airbus said Iran had agreed to buy 118 Airbus jets worth $27 billion at list prices.
The sales were made possible by the lifting of sanctions on Iran last month. The number and age of Airbus and Boeing aircraft in Iran show the potential for sales to upgrade those fleets.
Many of the Boeing planes date from the 1970s and 1980s. Iran has none of Boeing’s flagship wide-body model, the 777, raising the possibility of significant sales, analysts said. Iran continues to fly much older Boeing planes, including 11 747s that date from 1969 to 1988, according to Flightglobal, an online publisher of aviation and aerospace news.
Boeing faces numerous obstacles in making sales to Iran, including finding financial institutions to handle the transactions and making sure that the buyers are not linked to arms dealers or other entities that remain off-limits.
The government is cracking down on hoverboards.
In a letter to manufacturers, importers and retailers, U.S. regulators said they will seize or recall any of the two-wheeled, self-balancing scooters — which were a huge hit over the holiday season — if they fail to meet federal safety standards.
In a letter issued Thursday, the Consumer Product Safety Commission noted 52 reports from users in 24 states of fires caused by hoverboards.
Those fires led to $2 million in property damage, including destruction of two homes and an automobile.
The agency said many of those incidents would not have occurred if the hoverboards met existing standards.
Concerns that lithium-ion batteries used in the hoverboards could spark fires have led to the banning of the devices by several airlines and college campuses.
— Associated Press
● U.S. consumer prices were unchanged in January as the rising costs of housing and health care were largely offset by cheaper oil. But annual inflation showed signs of accelerating. The Labor Department said Friday that prices rose 1.4 percent over the past 12 months, compared with a year ago, when annual inflation was close to zero. Consumer prices climbed at the fastest annual rate since October 2014. Core inflation, which excludes volatile energy and food costs, rose 0.3 percent in January. Over the past 12 months, core inflation has climbed 2.2 percent. Housing expenses — which account for a third of the consumer price index— have risen 3.2 percent from a year ago. Prices for medical care, air travel, clothing and motor vehicles also rose in January, while food expenses were flat.
● William Dudley has been reappointed president of the Federal Reserve Bank of New York, as expected, giving him another five years as one of the U.S. central bank’s most influential policymakers. Members of the New York Fed’s board not affiliated with private banks voted to reappoint Dudley to a term beginning March 1. Dudley began the job during the financial crisis in 2009. He has a permanent vote on U.S. interest rates.
● Verizon Communications, which launched a pay-TV plan, FiOS Custom TV, last year to let viewers choose bundles of channels, has redesigned the offering. Custom TV now provides a choice between two packages with more than 100 channels and three optional genre-specific packs, instead of offering only 36 channels plus add-ons. The move was based on customer feedback, a Verizon spokesman said. The first package, “Essentials,” has more than 190 channels, including the big four U.S. networks — ABC, CBS, Fox and NBC — with no sports offerings. The second package, “Sports & more,” has more than 160 channels, including ESPN and regional sports, plus nonsports channels such as the Cartoon Network.
— From news services