In the Headlines
July 29, 2016

U.S. Allows American-made planes to be flown to Iran

The U.S. Treasury's Office of Foreign Assets Control announced that it would allow foreign airlines such as Lufthansa and Turkish Airlines, to fly U.S.-made aircraft to Iran. This deal was authorized as Iran tries to re-establish trade and business links following the lifting of sanctions.

"Because of a quirk in the law, U.S.-made planes could be flown to other countries under U.S. sanction, such as Cuba, Sudan, Syria and North Korea. Iran was an exception to this," said aviation regulation attorney Jonathan Epstein. "Technically there was no legal way to fly to Iran, so U.S. lessors tended to say no, or it caused a lot of angst in the U.S. leasing community that these planes were being flown there."

READ: U.S. Allows American-made planes to be flown to Iran

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