UNDELIVERED IRAN AIR ATR UP FOR SALE

AIN Online on 10th September reported that ATR has begun the process of “reallocating” seven undelivered airliners originally reserved for Iran Air after US sanctions that came back into force on August 7th effectively prevented any further deliveries.  The sanctions prohibit any transaction with Iran or Iranian companies involving commercial aircraft carrying 10% or more US content.  ATR applied for a new export licence from OFAC to allow it to resume deliveries of 20 ATR 72-600 ordered by Iran Air in 2016 but this was rejected.

https://www.ainonline.com/aviation-news/air-transport/2018-09-10/undelivered-iran-air-atrs-sale

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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