BLUE AIRWAYS

Mahan Air Tower, Azadegn Street, Karaj Highway, Tehran, Iran

OFAC is designating two entities, Iran-based Blue Airways and Turkey-based Otik Aviation, in connection with Mahan Air. Iran-based Blue Airways is being designated pursuant to E.O. 13224 for providing material support to, and for acting for or on behalf of, Mahan Air, primarily through the procurement and provision of aircraft parts from abroad. Blue Airways, which is co-located with Mahan Air, is a Mahan Air-operated shell company with no aircraft or discernable assets. To disguise Mahan Air as the actual buyer and final recipient of prohibited U.S. goods, Blue Airways often is listed on commercial documents in place of Mahan Air. This tactic is used by Mahan Air to procure goods from neighboring countries, China and Europe. As a result of today’s actions, Blue Airways and Otik Aviation are subject to secondary sanctions pursuant to the IFSR.

US

Subject to Secondary Sanctions

https://home.treasury.gov/news/press-releases/sm0395

2018-05-24

US

Iranian Financial Sanctions Regulations, 31 CFR part 561

OFAC country specific

Iran

Blocking Property, Suspending Entry, Trade sanctions

• https://ofac.treasury.gov/faqs/topic/1551

On August 16, 2010, OFAC issued the Iranian Financial Sanctions Regulations, 31 CFR part 561 (75 FR 49836, August 16, 2010) (IFSR) to implement provisions of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (Pub. L. 111–195) (22 U.S.C. 8501–8551). Since then, OFAC has amended the IFSR several times.

SDN