On July 23, 2019, OFAC published an Iran-Related Civil Aviation Industry Advisory, which warned of the potential penalties for entities and individuals operating in Iran’s civil aviation industry. The agency stated that enforcement and sanctions actions are possible for both U.S. and non-U.S. persons engaging in unauthorized transfers of U.S.-origin aircraft or related goods, technology, or services to Iran, and further penalties may occur for any non-U.S. persons involved in certain activities with designated Iranian airlines. OFAC issued this advisory due to Iran’s commercial airlines’ role in “supporting the Iranian regime’s efforts to foment regional violence through terrorism, its weapons programs, and other destabilizing activity to include exploiting its own people through brutal human rights abuses against women, political opponents, and others.”
For more information on how this could impact your business, contact:
- Martin Lutz, Partner (mlutz@mcginnislaw.com, 512-495-6024)
- Lindsey Roskopf, Attorney (lroskopf@mcginnislaw.com, 713-615-8534)
- or another member of the McGinnis Lochridge International Trade and Transactions Practice Group