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Wed, May 12, 2010

Balli Aviation Hit With $2 Million Fine

Judge Found The Company Conspired To Export 747s To Iran

A federal judge has ordered Balli Aviation, a subsidiary of a firm based in Britain, to pay a $2 million dollar fine after pleading guilty in an aircraft export conspiracy.

Television Station KING in Seattle reports that court papers indicate the company conspired to sell three Boeing 747s to Iran in 2007 and 2008 without obtaining the proper license from the U.S. government. Balli pleaded guilty to the charges in February.

Along with the fine, the company has been placed on probation for five  years.

FMI: www.wawd.uscourts.gov

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