Skip to content
Back to Guavy Wire
Stocks

US Targets Turkish Company for Helping Transfer Boeing Aircraft to Sanctioned Iranian Carrier

Instruments
BA
Share

The US Treasury Department has accused Turkish company Sky Phoenix of helping to transfer three Boeing aircraft to Iranian airline Mahan Air. The planes were diverted through the UAE and Oman before being transferred to Mahan Air, a move that is in violation of US sanctions.

Mahan Air has been under US sanctions since 2011 for providing support to Iran's Islamic Revolutionary Guard Corps-Qods Force. Despite these restrictions, the airline continues to operate international routes, including flights between Istanbul and Tehran.

The Treasury Department also designated two other Turkish companies, S Sistem and Mes Cargo, for their involvement in coordinating shipments on behalf of Mahan Air. The US has long accused Iran of using front companies and pass-through entities in third countries to conceal the ultimate Iranian end user of US-origin aircraft and aviation-related materials.

The measures are part of a broader effort by the US to target foreign intermediaries and networks that help Iran obtain aircraft, parts, and sensitive technology. The Treasury Department has suspended three Iran-related aviation authorizations, including permissions for overflights and for non-US airlines to fly US-origin or US-controlled commercial aircraft into Iran.

More on Stocks

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc