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House votes to ban sale of commercial aircraft to Iran

Published 11/17/2016, 01:59 PM
House votes to ban sale of commercial aircraft to Iran
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  • Boeing (BA -0.5%) is lower following a vote in the U.S. House blocking the export of commercial aircraft to Iran, a move that would scuttle deals already authorized by the Obama administration and potentially worth billions of dollars.
  • The House bill seeks to counter the Treasury Department's decision in September to grant Boeing and Airbus (OTCPK:EADSF, OTCPK:EADSY) permission to sell the planes to Iran.
  • The bill must now clear the Senate, where the measure is expected to face opposition from Democrats, and Pres. Obama likely would veto the bill if it reaches his desk.


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