OFAC General License Loosens Restrictions on Non-US Carrier Flights to Iran

The general license authorizes activity that was reported as being undertaken by foreign airlines notwithstanding the prohibition. More importantly, however, it gives clarity to aircraft leasing firms—particularly those who have Boeing aircraft or Airbus aircraft with GE engines—whom to now had been confronting a legal dilemma where lessees may be engaging in conduct that was subject to a prohibition with a history of unclear enforcement. More here.


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