in Business & Finance

Egyptair fined for Sudan Airways leases

Posted 4 January 2016 · Add Comment

Egyptair has been fined USD140,000 by the US Bureau of Industry and Security (BIS) for violating a US trade embargo against Sudan between 2010 and 2011, reports ch-aviation.

The BIS said in a statement that Egyptair had leased two B737-500s to Sudan Airways over the period August 2010 to February 2011 without having sought the required licences as required under Executive Orders 13067 and 13412. As a result, the Egyptian carrier must now pay the US Department of Commerce USD140,000 in four instalments of USD35,000 by November 1, 2016. Failure to pay the fine may result in the BIS revoking Egyptair's export privileges for a period of one year, the Bureau said.

* required field

Post a comment

Other Stories
Latest News

Aerosud Aviation in partnership with DB Schenker South Africa

Aerosud Aviation has selected DB Schenker South Africa as its new logistics partner.

Africa's first "civil" C295 begins humanitarian operations from Kenya

DAC Aviation International has received the first Airbus C295 to be used on the civil registry in Africa,

Angola orders C295s for maritime surveillance

Angola has ordered three C295 transport aircraft from Airbus Defence and Space, writes Jon Lake.

Inmarsat and Panasonic Avionics in strategic collaboration for Commercial Aviation

Inmarsat and Panasonic Avionics Corporation (Panasonic) have agreed a strategic collaboration, for an initial ten-year period, that enables them to combine their highly complementary market leading services to offer broadband

AAD: Helix – the manned ISR platform

CADG chose AAD to launch its new manned intelligence, surveillance, and reconnaissance (ISR) platform – Helix.

AAD: Aurecon bringing its African ideas to life

Aurecon was at AAD for the first time to highlight its engineering capabilities and products. “We want to become a true African business,” explained managing director, Africa, Ferdi Nell.

TAA SK1009311218
See us at
MarrakechAirshow BT2507241018AviationAfrica_BT0607280219AirCargoAFA_BT220318210219AAD2018 BT