THE JOURNAL OF EXPORT CONTROLS AND SANCTIONS

Issue 48, March 2016

Scheduled air service between the U.S. and Cuba: what is the impact on aircraft finance?

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  By Jonathan M. Epstein, Holland & Knight www.hklaw.com     On 16 February 2016, the United States and Cuba penned an agreement re-establishing scheduled air service between both countries. This is just the latest in a series of steps by the Obama administration that have substantially increased the demand for air transportation to Cuba. While historically many aircraft financers prohibited lessees/borrowers from flying to Cuba, because of these changes financers are being asked to re-examine such prohibitions.   Complex restrictions remain in place While the relaxations of sanctions are significant, many of the U.S. embargo restrictions on Cuba are...

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