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The Office of Foreign Assets Control (OFAC), a division of the US Department of the Treasury, has issued General License 45A, allowing Venezuelan state airline Conviasa to perform maintenance on its fleet of Embraer aircraft.
This license represents a significant departure from previously strict restrictions and represents a lifeline to the airline’s operational capabilities. The license states: “All business necessary for the general maintenance (including repair) of the suspended aircraft is permitted.”
The registered aircraft include 16 Embraer E190E1 aircraft (15 E190 passenger jets and one of the executive versions of the Lineage 1000 used by Nicolás Maduro) with an average fleet age of 13 years, with the first in 2008 and the The last one was built in 2012, as reported by the partner portal Aviacionline.
This license also facilitates the repatriation of Venezuelan citizens from nonU.S. jurisdictions in the Western Hemisphere. It expressly authorizes “all transactions normally associated with and necessary for the repatriation of Venezuelan nationals, solely for the purpose of that repatriation.”
OFAC plays a critical role in regulating international transactions involving U.S. companies. Its regulations have a significant impact on the global aviation sector, particularly in regions subject to sanctions.
Industry experts see this development as a possible opening for the resumption of international destinations to and from Venezuela. However, the future depends on continued dialogue between the governments of the United States and Venezuela.
He became fascinated with airplanes in 1999 and graduated with degrees in aviation from Cal State Long Beach and Western Michigan University. #GoBroncos #GoBeach #2A