‘State-of-the-art’ subterfuge: how Iran kept flying under sanctions

TEHRAN: In December 2012, aircraft trader James Kim received a letter from a company based in Cyprus offering to buy four jetliners. It was brief and to the point.The hitherto unknown firm was “ready, willing and able” to buy four used Airbus A340 jets for which Kim was trying to broker a sale.“I talked to them and when I got the Letter of Intent with an Iranian name, I informed them that a deal was not possible because of sanctions,” Kim, managing director of British-based aircraft trading company AvCon Worldwide, told Reuters.