OFAC sanctions Thai company for supporting Iranian airline Mahan Air

Earlier this month, OFAC sanctioned Thailand-based My Aviation Company Limited, pursuant to Executive Order 13224, for “acting for or on behalf of Mahan Air, an Iranian airline previously designated for supporting Iran’s terrorism activities”. According to the US Treasury press release, My Aviation Company Limited is “serving as a Mahan Air General Sales Agent (GSA) in Thailand”, which includes assisting the airline with (inter alia) sales and marketing, freight reception and handling, airport warehouse and ramp supervision, administration services, and financial services. As a result of this OFAC action, the company will now be subject to US asset freezing measures. See OFAC Notice.

In July 2018, OFAC sanctioned a Malaysia-based entity (Mahan Air Travel and Tourism Sdn Bhd) for also “acting for or on behalf of Mahan Air”, having allegedly served Mahan Air as its sole GSA in Kuala Lumpur, Malaysia, for at least 8 years.