Great Wall Airlines Attempts to Reorganize and Relaunch
Air Cargo News reports that Great Wall Airlines Company Limited, a Chinese air cargo company that was forced to shut down its operations after being designated by OFAC as a “proliferation” entity on the Specially Designated Nationals (SDN) List, has restructed its ownership and will attempt to relaunch its services.
Great Wall Airlines, a joing venture between China Great Wall Industry Corporation (CGWIC), a Chinese government-owned enterprise, Singapore Airlines Cargo and Dahlia Investments, commenced operations from Shanghai to Amsterdam in June 2006 and to Seoul, Mumbai and Chennai in August 2006 using two B747-400Fs leased from Singapore Airlines. The airline was forced to suspend its operations after being added to OFAC's SDN List on August 25, 2006 due to its relationship with CGWIC, which was added to OFAC's SDN List for its alleged role in supplying missile parts to Iran.
Because of its inclusion on OFAC's SDN List, Great Wall Airlines was unable to purchase parts and components for its aircraft from U.S. suppliers or to engage in any transactions with U.S. companies.
Labels: Export Controls, OFAC
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