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Export Privileges Suspended for Aircraft Shipment to Iran

Tuesday, November 25, 2014
Sandler, Travis & Rosenberg Trade Report

The Bureau of Industry and Security has issued an order suspending for five years the export privileges of a Texas man convicted for his role in the attempted export, sale, brokering and financing of an A-300 Airbus aircraft from China to Iran in violation of the International Emergency Economic Powers Act. This man was previously sentenced to 24 months of imprisonment, three years of supervised release and a $100 assessment.

As a result, until Oct. 3, 2018, neither this man nor anyone on his behalf may directly or indirectly participate in any way in any transaction involving any commodity, software or technology exported or to be exported from the U.S. that is subject to the Export Administration Regulations. BIS is also revoking all export licenses in which this man had an interest at the time of his conviction.

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