Hundreds of sales transactions take place each day in the industry – from aircraft to avionics to engines and other components. Many of these are coordinated through third parties, and sellers may not be aware of the ultimate end user. “This issue is a risk-based one, so if you’re selling parts domestically, the risk that you’re going to end up dealing with a bad actor is much less than when you’re engaged in an international transaction or where the buyer is somebody shady,” noted Jonathan Epstein, a partner with Holland & Knight. Sellers must have an export control compliance program in place, advised David Hernandez, a member of the Global Transportation Finance Team at Vedder Price.
In this episode of NBAA Flight Plan, host Rob Finfrock speaks with:
David Hernandez, a member of the Global Transportation Finance Team at Vedder Price
Laura Martino, associate general counsel for compliance and privacy at Global Jet Capital
Jonathan Epstein, partner with Holland & Knight
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