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Old 4th Aug 2002, 05:50
  #22 (permalink)  
Riscy
 
Join Date: Jun 2000
Location: UK
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The A340 cannot overcome the US sanctions that easily.

The sancations are not those of the UN as Libya can now fly wherever they like. It is the US sanctions.

QR cannot sell directly to Libya. In the aviation business (and in particular financing business) this means the establishment of an SPC (a Special Purpose Company). QR will sell to the SPC, the SPC then leases the a/c to Libya. The owner of the SPC must not be Libyan but the money can come from Libya to pay for the a/c. The SPC must be under an ICAO jurisdiction......, etc..... for purpose of registration and airworthiness. If I go more, I will tell you my business
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