Hit with a hefty
According to a complaint submitted to the
The company also violated sanctions with
Burmese tycoon Tay Za, who has close ties to the former military junta, is the owner of Air Bagan; and
Both Tay Za and
A representative for PR company Hill+Knowlton Strategies, which was contracted by Fokker, said that the Dutch company no longer works with any airlines or companies in any of the three countries where violations were committed.
“Fokker ceased all business with sanctioned countries since 2010,”
He added that he could not comment on any future investment plans that Fokker might have with the other two Burmese airlines not facing targeted US sanctions.
At present, only
“It’s too expensive to check [do maintenance work] with [Fokker Services],”
Half of Fokker’s
But according to US Treasury documents, the penalty for Fokker’s legal transgressions should have been much more, if not for the fact that the company came forward to disclose the violations in
The potential civil liability is about
Despite having to pay only a fraction of what they could have been penalised for,
Turnell added that it is likely Fokker has plans for Burma’s aviation sector, given its immense potential.
“Under-resourced and under-capitalised, it requires immense investment to bring it up to regional standards,” Turnell said in an email to DVB. “But such investment offers potential great pay-offs.
“Myanmar is a country of dispersed population centres separated by long distances and terrible ground transportation infrastructure. Then factor in likely high tourist growth, growing business traffic, and a market that is under-served - and the recipe is for strong sector growth,” he said.
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