avia solutions group is an international , publicly traded aviation holding company with over 20 subsidiaries worldwide .

avia solutions group is based in vilnius , lithuania .

avia solutions group was listed on the warsaw stock exchange ( wse ) in march 2011 and became the first foreign company to be listed on the exchange that year .

shareholders of the company include ing open pension fund , harberin enterprises , zia valda and others .

avia solutions group

avia solutions group added a new photo — . . . - avia solutions group | facebook
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avia solutions group support bc zalgiris’ basketball player paulius motiejunas 2016 - 2017 year period .
the chairman of avia solutions group gediminas ziemelis supports the vilkaviskis ‘ausros’ gymnasium . ( lithuania )
the chairman of avia solutions group gediminas ziemelis supports the ‘full house community . ’ ( lithuania )
the chairman of avia solutions group gediminas ziemelis supports the football club ‘ekranas . ’ ( lithuania )
the chairman of avia solutions group gediminas ziemelis supports the foundation ‘fundacja mimo wszystko . ’ ( poland )
the chairman of avia solutions group gediminas ziemelis supports the basketball club ‘vanagai bc . ’ ( lithuania )
great news from 2015 ate & m awards : with . . . - avia solutions group | facebook
notice on annual general meeting on shareholders of avia solutions group ab - biznes - mobilna interia . pl
tarptautinei aviacijos paslaugų grupei „avia solutions group“ priklausanti pilotų mokymų akademija „baa training“ atidaro naują mokymų centrą ispanijoje .
in 2017 , gediminas ziemelis , chairman of the board at avia solutions group , supported sports club viesulas .
the chairman of avia solutions group gediminas ziemelis cooperates with the wroclaw basketball club ‘slask . ’ ( poland )
one ordinary registered share of ab avia solutions group gives one vote at the general meeting of shareholders . the number of ab avia solutions group shares that provide voting rights during the general meeting of shareholders is 7 777 777 .
avia solutions group , which is listed on the warsaw stock exchange , is the sole shareholder of kidy tour .
avia solutions group has offices in lithuania , the usa , the uk , poland , serbia , estonia , moscow , thailand and indonesia . as of april , 2017 , avia solutions group controls the following companies : [ 48 ]
in 2018 , gediminas ziemelis , chairman of the board of avia solutions group , supported rimantas kaukenas support group and was one of the most significant sponsors .
avia solutions group ( asg ) , the largest lithuanian - owed aviation business group , is setting up a cargo airline in russia together with local partners .
last year helisota made a turnover of 42 million litas . after joining avia solutions group the company will continue operating under the same name and management team . the local operations and the international expansion of helisota will from now on be backed by the avia solutions group experience and infrastructure . upon acquiring helisota , avia solutions group has become the largest provider of aviation business solutions in eastern europe .
avia solutions group , a wse listed company , was recognized as one of the best debutants on wse in 2011 .
the management board currently has five members . gediminas ziemelis , chairman of the board , and 4 members – aurimas sanikovas , chief financial officer at avia solutions group , zilvinas lapinskas , ceo of fl technics , linas dovydenas , member of the board at avia solutions group and dr . ricardas laukaitis , deputy ceo of avia solutions group . [ 46 ]
avia ascend works with avia stride , avia tempo , and avia touch fitness trackers , which range in price from $ 39 . 99 - $ 59 . 99 .
sequential brands group announces new category expansion for avia with the debut of wearable fitness accessories | sequential brands group , inc .
in 2011 avia solutions group launched aviationcv . com , [ 24 ] a global provider of aviation jobs specialists resourcing solutions for airlines , mro providers and other industry companies .
ramenskoye international airport will feature two terminals with a combined area of 60 , 000m² . photo : courtesy of avia solutions group .
kidy tour , tour operator of the lithuanian - owned aviation group avia solutions group ( asg ) , has purchased the estonian travel organizer goadvernture , writes leta / bns .
avia solutions group ab ( the company ) herewith informs having received an official notice that the member of the supervisory board of avia solutions group ab mrs dziuginta balciune , has resigned from her position in the supervisory board of the company as of 3 october 2016 .
in 2011 avia solutions group was recognized as one of the best debutants on wse . [ 35 ] in 2011 avia solutions group received
golden chariot
, [ 36 ] public award for the outstanding performance in international transport industry in russia . [ 37 ]
avia solutions group was given approval to become an official warsaw stock exchange ( wse ) listed company on 3rd of march , 2011 .
avia solutions group ab is a lithuania - based holding company engaged in the provision of integrated aviation solutions worldwide and creating aviation services infrastructure in the baltic countries . it operates through four
avia solutions group was awarded a polish business award 2013 in the category “increase of share price of lithuanian company on the warsaw stock exchange“ .
the
golden chariot
2011 public award for an outstanding performance in the international transport industry in russia was given to avia solutions group .
in 2017 , gediminas ziemelis , chairman of the board at avia solutions group , was general sponsor of the basketball tournament king mindaugas cup .
distribution of votes of the shareholders holding over 5 % of total votes at the annual general meeting of shareholders of ab avia solutions group .
in 2013 avia solutions group received polish business award in category “increase of share price of lithuanian company on the warsaw stock exchange“ . [ 41 ]
in 2015 avia solutions group and vilnius gediminas technical university ( vgtu ) announced a mutual cooperation agreement . according to the agreement , both parties decided to cooperate in the development and implementation of aviation training related projects . under the cooperation , vgtu supports avia solutions group in finding young talent while the group provides various opportunities for vgtu students to acquire practical experience in the form of an internship . avia solutions group is delighted with the opportunity to contribute to the development of the next generation of aviation pros !
in 2013 avia solutions group worked with the rimantas kaukenas support group to participate in the vilnius marathon as part of the ‘outrun cancer’ team , which dedicated its run to children fighting cancer . all funds raised
linas dovydenas , ceo at avia solutions group , was recognized as ceo of the year 2012 by the readers of business news website and newspaper “verslo zinios” .
the chairman of avia solutions group gediminas ziemelis supports the charitable fund ‘jiezno vaikai’ ( ‘the children of jieznas’ ) , and jieznas children‘s home . ( lithuania )
in 2013 avia solutions group acquired helisota , [ 25 ] an international provider of mro services for rotorcraft aviation that provides services for mi and robinson aircraft .
in 2018 , daughter company of avia solutions group , baa training has announced the establishment of a new company in vietnam —baa training vietnam . [ 34 ]
avia solutions group has paid 2 . 611 mln euros to acquire a 100 % stake in estonia ' s third - largest travel organizer goadventure from the estonian gobaltic group . goadventure will become part of the kidy tour group before the end of this year .
the firm’s m & a team led by associate partner sander kärson advised avia solutions group , a lithuanian capital - based aviation holding corporation listed on the warsaw stock exchange , on the acquisition of the estonian tour operator goadventure . goadventure will soon carry the name kidy tour , a tour operator owned by avia solutions group .
avia solutions group ab chief financial officer supervision and management of finance function across companies held by avia solutions group ab . main responsibilities include control of operations of subsidiaries , leading budgeting and reporting , treasury , risk management , finance function staffing , fund raising , deal structuring , tax planning and managing resolution of finance related issues .
avia solutions group , a wse listed global provider of one - stop - shop aviation business solutions , has announced the appointment of zilvinas lapinskas and anatolij legenzov as members of the management board effective 16 december , 2013 .
in 2015 avia solutions group launched a lithuanian tour operator kidy tour , [ 28 ] as well as a uav - based infrastructure inspections provider laserpas . [ 29 ]
ab avia solutions group is a holding with over 20 subsidiaries . this group of business enterprises offers complex solutions for aviation services on the global scale , including aeroplane fleet management , pilot education and training , crew formation and lease , chartered flights , aeroplane technical maintenance , aeroplane parts and components repair and supply solutions and other services .
avia solutionions group bought all goadventure’s shares from gobaltic . the value of the transaction is 2 , 6 meur .
the share capital of ab avia solutions group amounts to ltl 7 777 777 and consists of 7 777 777 ordinary registered shares with a nominal value of ltl 1 each .
avia solutions group and russian state - owned holding company rostec have entered into a cooperation agreement to establish and develop a fourth airport in moscow at the existing ramenskoye aerodrome .
avia solutions group , a wse listed global provider of one - stop - shop aviation business solutions has announced receiving the green light in regards to concentration and successfully closing the acquisition of helicopter maintenance organization helisota . under the agreement , the group in series of transactions has acquired 100 % of share capital in the lithuanian - based organization . the aggregate value of the deal is over 12 mln . litas , excluding the value of newly issued avia solutions group shares .
in 2012 linas dovydenas , ceo at avia solutions group was awarded as the ceo of the year by the readers of business news website and newspaper “verslo zinios” . [ 38 ]
take a look into everyday life at an avia solutions group company , while adomas talks about the journey that led him to work with urltoken and his experience since joining the team .
avia leads a network of health systems working together to solve pressing challenges with digital solutions that deliver results and transform healthcare .
gediminas ziemelis : avia solutions group recognised as the best international transport company in russia - fl technics ' jets latest news and media resources . press releases , photo gallery , video gallery , presentations , brochures . - media center - jet maintenance solutions
avia solutions group , an international , publicly traded aviation holding company with over 20 subsidiaries worldwide , has recorded €306 million revenue in 2016 , a 33 % increase from the 2015 . group’s net profit more than doubled to €8 , 1 million .
fl technics is a member of the avia solutions group family – wse listed provider of the integrated aviation services . for more information about fl technics , please visit our website at urltoken .
in 2012 gediminas ziemelis , chairman of avia solutions group , was selected amongst the top 40 most talented young leaders in the aviation industry by aviation week & space technology . [ 39 ]
avia solutions group employs close to 2000 specialists working in group’s representative offices in lithuania , usa , the uk , thailand , indonesia , poland , serbia , estonia , russia , as well as numerous line stations , shops and departments over the world .
in june 2016 , avia solutions group was nominated for rsm entrepreneur of the year category at the european business awards . in addition to that , it also received a national public champion award .
, an avia solutions group company , describes the lithuanian working environment and how he helped found the first american football team in lithuania . if you are interested in joining the laserpas team , visit
avia solutions group ab is a holding company , which engages in the provision of aviation solutions and services . it operates through the following business segments : aircraft and helicopter maintenance , repair and overhaul ( mro ) ; aircraft ground handling and fuelling ; . . .
urltoken is a part of avia solutions group , a warsaw stock exchange ( wse ) listed global international provider of one - stop - shop aviation business solutions . the group has its representative offices in cyprus , estonia , indonesia , poland , russian federation , thailand , the united kingdom and over 1600 customers across the globe .
lithuanian - owned , warsaw - listed aviation business group avia solutions group ( asg ) is planning to expand in asia in the next three years , but it would not disclose how much money it intends to invest in that market , reported leta / bns .
in 2014 locatory . com , a subsidiary of avia solutions group – provided financial support to multiple champions of lithuanian and european boxing , as well as the 2012 olympics bronze medal winner evaldas petrauskas .
in the beginning , avia solutions group covered three aviation business areas , including ground handling ( baltic ground services ) , aircraft maintenance ( fl technics ) and travel services ( bilietu pardavimo centras ) .
in 2013 avia solutions group launched its own private jet charter carrier klasjet . [ 26 ] the carrier is based in vilnius , lithuania and operates its flights in europe , cis and other regions .
modern healthcare and avia have partnered to develop the transformation hub , a new digital home for solutions and best practices to advance healthcare .
in june 2015 , avia solutions group received an award from the lithuanian law society for assistance in the development of law students . the award recognizes the company’s contribution to helping law students reach their goals .
in 2008 avia solutions group separated its charter flights activities from flylal and established a charter airline . in july 2010 , it underwent a major re - branding and became small planet airlines . [ 21 ] in march , 2013 avia solutions group sold 99 . 5 per cent of small planet airlines uab ( lithuania ) and small planet airlines sp . z . o . o . ( poland ) to an investment group led by the carrier ' s management team . [ 22 ]
“we are pleased to welcome zilvinas and anatolij to the board . their long - standing experience and knowledge in managing international teams and projects will serve as an extra force behind the future projects of avia solutions group and its subsidiaries . we are certain that now with an even stronger team we are fully set to achieve our most ambitious goals , ” commented gediminas ziemelis , the chairman of the board at avia solutions group .
the growth of the group’s operations was largely driven by its increasing presence in the asian aviation market as well as continuous service and geographical expansion . in 2016 , avia solutions group’s client portfolio enlarged by 10 % , with majority of sales coming from european customers ( 61 % ) .
in 2016 the group - controlled ramport aero opened zhukovsky international airport [ 30 ] ( iata : zia ) near moscow , russia . later that year , avia solutions group launched a competence development center emblick , [ 31 ] acquired estonian tour operator goadventure ee . [ 32 ] the group’s subsidiary in indonesia also opened a new mro center in jakarta . [ 33 ]
fl technics , an aircraft maintenance , repair and overhaul ( mro ) services company that is part of the lithuanian - owned , warsaw - listed aviation group avia solutions group ( asg ) , has opened an airplane servicing center in the airport of indonesia ' s capital jakarta , informed fl technics representative .
avia solutions group was delighted to have the opportunity to support the rimantas kaukenas team during the danske bank vilnius marathon 2014 . we hope that initiatives such as this will help attract more attention to children ' s fight against cancer .
according to l . dovydenas , during the negotiation meetings with the helisota team both parties have agreed upon the need to exploit the opportunities posed by the already well - developed helisota base and the long - standing experience combined with second - to - none capabilities of avia solutions group . ‘i am confident that the incorporation of the new enterprise into the avia solutions group infrastructure will open new possibilities for us as well as our new colleagues , ’ commented the ceo .
avia solutions group ab ( asg : wse ) set a new 52 - week low during today ' s trading session when it reached 13 . 60 . over this period , the share price is down - 28 . 96 % .
avia solutions group’s annual reports summarize the main accomplishments , key activities , objectives , and other important information about the group‘s annual performance . to ensure the trust of both our shareholders and industry players , we publish comprehensive reports , which cover various aspects of our business , including but not limited to the financial performance .
avia innovator network members solve pressing challenges with digital solutions that deliver financial and clinical results . avia maps the path forward , providing strategic focus , rigorous process discipline , and a collaborative approach so that our members move faster with greater confidence .
chairman of the board , avia solutions group , age 37 in the only repeat appearance from our 2012 list of top 40 under forty , we again selected gediminas ziemelis because of the vast amount he has accomplished in the past two years . ziemelis has guided avia solutions group ( asg ) to significant growth since 2012 , including the construction of a new maintenance , repair and overhaul ( mro ) hangar in lithuania , entrance into the helicopter mro market through acquisition of helisota and into the . . .
since 1969 , egis avia has successfully completed over a thousand projects in 140 countries .
the group does not plan to expand in russia where it sees little growth potential .
in december 2005 bilietų pardavimo centras became a member of iata and in november 2006 changed its name into bpc travel ( stands for best price for consumers travel ) to better reflect its business philosophy . bpc travel left avia solutions group in 2010 . [ 13 ]
in 2010 avia solutions group established an it company , which developed its own platform to trade aircraft inventory and maintenance services . in 2014 urltoken launched amber a . i . , artificial intelligence tool that converts e - mail parts inquiries into searches . [ 23 ]
avaya teams with leading tech companies to create ai solutions that enhance and advance customer experiences .
donations were given for the treatment of maestro vytautas kernagis . the chairman of avia solutions group , gediminas ziemelis , financially contributed to the social initiative aimed at collecting funds for the treatment of maestro vytautas kernagis who sadly lost his battle against cancer in 2008 . ( lithuania )
received a prestigious european business award in recognition of his visionary business management and development skills ; the same year , under his leadership , avia solutions group was named a national public champion in the category of entrepreneurship , earning a spot in the top 110 of european businesses .
linas dovydenas ceo of avia solutions group“during the last couple of years the group has largely focused on the sector of aircraft technical maintenance , which is represented by fl technics , one of our subsidiaries . this company has implemented numerous large scope projects in the segments of engine repair , spare parts sales and the expansion of line maintenance stations . moreover , by introducing fl technics jets in 2011 , we have successfully expanded our activities into the repair and technical maintenance sector of business jets . naturally , the decision of turning to the direction of helicopter maintenance was only a matter of time , ” says linas dovydenas , the ceo of avia solutions group .
throughout the year 2016 , avia solutions group and its subsidiaries across the globe handled over 2 million passengers , 18 500 aircraft and delivered more than 270 000 tons of jet fuel . in addition to that , group’s companies organized tours to turkey for 14 000 vacationers , inspected thousands of power lines using uavs , as well as sold over 30 000 pilot training hours .
as of june 2018 , the group’s shares are distributed in the following proportions . [ 47 ]
in june 2016 , avia solutions group received a national public champion award and was named amongst 10 best european businesses in the rsm entrepreneur of the year category at the european business awards . same year , ramport aero received best investment project award for successful launch of zhukovsky international airport . [ 45 ]
zilvinas lapinskas , who was appointed the ceo of fl technics on 3 december , 2013 and anatolij legenzov , who became the ceo of helisota on 31 october 2013 , were assigned to the two vacant positions on the board . the vacant positions occurred after the board members jonas butautis and saulius batavicius were re - called from the board as a result of their resignation from the managers of avia solutions group subsidiary companies . the appointment of anatolij legenzov as a new member of the board follows the successful closure of the acquisition of helicopter maintenance organization helisota . the latest acquisition has marked the strategic avia solutions group expansion to new aviation markets and segment .
the group supports the migration information and communication platform developed by the lithuanian social research centre ( lstc ) .
as announced earlier , the shares had been acquired in several takeover stages . some of them were paid for directly to the company’s shareholders , and some – through transferring 165 . 000 newly issued avia solutions group shares to the company’s top management . in compliance with the local competition laws , the group had to obtain concentration clearance from the competition council of the republic of lithuania , which was received on thursday , the 12th of december .
avia sells small planet airlines to airline ' s management archived april 2 , 2015 , at the wayback machine .
in 2016 , avia solutions group once again joined the rimantas kaukenas support group in promoting the charitable cause – of helping children fight against cancer . during the 2016 , vilnius marathon everyone willing to support the children was able to donate by either buying merchandise or by putting a personal donation into the charity box . we are proud to have the opportunity to contribute to such an important cause and we advocate for everyone to support those in need .
during the prestigious european it & software excellence awards , which took place in london , doclogix was recognized as the best information and document management solution in europe . awards panel was presented with the successful implementation of the company’s system at avia solutions group , a group of companies involved in the aviation business . as many as 83 of the strongest it companies from 32 european countries took part in this annual it - solution competition in the region .
avia solutions group is the first lithuanian company listed on the warsaw stock exchange ( wse ) and the first foreign company listed on the exchange in 2011 . the company has representative offices in lithuania , poland , italy , russia , malaysia and the united kingdom , and operates in europe , the cis and the asia - pacific region .
jet maintenance solutions ( jet ms ) provides aircraft maintenance , repair and overhaul services ( mro ) for business jets .
within the aviation business unit of the egis group , egis avia pools expertise with other subsidiaries to provide a compelling portfolio of services to aviation institutions and authorities ; airport operators ; air navigation service providers ; aircraft manufacturers ; and airlines .
use avia as an accelerator and extender , boost your innovation capacity . act with others to reduce risk and achieve scale .
travel solutions provider amadeus has entered into an agreement with icelandic airline icelandair to develop a baggage reconciliation system ( brs ) .
founded in 1979 , avia came to prominence thanks to its revolutionary cantilever technology , which remains the bedrock on which performance shoes are made . today , avia continues to lead the active lifestyle movement with pioneering technology and stylish design for athletic footwear , activewear , and accessories , all while bringing better value solutions for health - conscious consumers . for more information visit : urltoken .
kidy tour belongs to eastern europe´s largest holding corporation in the aviation sector , avia solutions group , whose shares are listed on the warsaw stock exchange . the company offers travellers a choice of 175 hotels on the mediterranean cost in the regions of kemer , antalya , side and alanya . lithuania has more than 140 travel agencies where you can book or order kidy tours trips .
analyst ca - ib investmentbank ag ( bank austria / creditanstalt group ) . representative office for baltic states , vilnius , lithuania
in 2014 gediminas ziemelis , the chairman of the board of avia solutions group , anatolij legenzov , ceo of helisota and tomas vaisvila , general director of ramport aero , have been included in the aviation weeks ' top 40 young leaders under 40 list . gediminas ziemelis became only person to be included two times in a row with his first repeat appearance in 2012 . [ 43 ]
egis avia ( formerly sofréavia ) – a wholly owned egis company - is an internationally - recognised company in the aviation sector .
download our latest guide sharing the essential building blocks from avia’s process to support health systems striving to scale disruptive innovations in healthcare .
the parent of vilnius - based mro provider fl technics is acquiring 96 . 2 % of helisota , partly through the transfer of newly issued avia group securities . the transaction will be conducted in stages , but is to be completed by year - end .
becoming part of the avia group will strengthen the helicopter mro specialist’s market standing , says helisota chief executive josif legenzov .
we will not only expand the spectrum of our services , but also extend the scope of our geographical presence ,
he says .
avia members realize the full potential of their innovation activities to deliver bottom line results – faster and with greater confidence than working alone .
aviaam leasing is a warsaw stock exchange (
wse
) listed global aviation holding company engaged in commercial aircraft acquisition , leasing and sales . the company specializes in mainline narrow - body aircraft as well as high - potential regional jets with major focus on the following markets : europe , middle east , cis and asia - pacific . partnership with a wse listed sister company avia solutions group , which operates more than 30 subsidiaries globally , provides aviaam leasing in a unique platform to structure one - stop - shop aviation business solutions .
the competition council authorised the concentration deal by flylal group services subject to conditions archived april 2 , 2015 , at the wayback machine .
in 2014 , gediminas ziemelis , the chairman of the board of avia solutions group was included in aviation weeks ' top 40 under 40 list once again , thus becoming its first repeat appearance since 2012 . among other industry members , he shared the honor with anatolij legenzov , the ceo of helisota , and tomas vaisvila , the ceo of ramport aero , who both made it onto the list for the first time .
‘really open air space’ , ‘real no states support for aviation’ , fair costs structure and the policy ensuring ‘no government support for european carriers’ is merely theoretical . in reality the existing practices make the weakest market players vanish and the large ones thrive even more . that is basically how i see the situation in the european aviation industry today – says gediminas ziemelis , chairman of the board at avia solutions group when interviewed by marek serafin from urltoken
the shareholders could get familiarised with the documents possessed by the company related to the agenda of the meeting , including draft resolutions , and other documents to be submitted to the general meeting of shareholders as well as to get information regarding execution of the shareholders’ rights at the headquarters of ab avia solutions group , smolensko st . 10 , vilnius , the republic of lithuania , or on the company’s website at urltoken under the heading investor relations .
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discover how greenville health system worked with avia and its health system network to confidently select and quickly scale the right digital solution to improve patient access .
tgs baltic was a legal advisor to ab avia solutions group ( the “company” ) with regard to offering newly issued shares of the company to select investors and their admission to trading on the polish regulated market , i . e . on the warsaw stock exchange . the shares of the company were successfully subscribed for and admitted to trading on the regulated market in december 2014 . this share offering enabled the company to raise over ltl 51 . 5 million .
the shareholders could get familiarised with the documents possessed by the company related to the agenda of the meeting , including draft resolutions , and other documents to be submitted to the general meeting of shareholders as well as to get information regarding execution of the shareholders ' rights at the headquarters of ab avia solutions group , smolensko st . 10 , vilnius , the republic of lithuania , or on the company ' s website at urltoken under the heading investor relations .
approval of the audited annual financial statements of the company and the audited consolidated annual financial statements of the group for the year ended 31 december 2014 .
aviation week & space technology embarked on a search for talented individuals who are rising stars in the global aerospace and defense industry . gediminas ziemelis , the chairman of avia solutions group , and jonas butautis , the ceo of fl technics , were selected as part of the top 40 most talented young leaders in the aviation industry . aviation week & space technology considered the candidacies of approx . 200 professionals from various countries each nominated by the global aviation industry’s players .
our culture is designed to deliver innovative tailor - made solutions to our clients . unconstrained by hierarchies we transact our business with speed , simplicity and flexibility .
according to ziemelis , the group will focus on expansion in indonesia , cambodia , thailand and china . it has no immediate plans for expansion in russia .
in july 2006 , baltic ground services was sold to uab finansų spektro investicija . [ 9 ] the company was bought back by avia solutions group from investment company invalda in november 2008 . [ 6 ] the same year baltic ground services became first company in europe and tenth in world [ 10 ] to receive iata safety audit for ground operations ( isago ) [ 11 ] certificate . in january 2015 , baltic ground services joined iata’s ground handling council ( ighc ) . [ 12 ]
2 . approval of the audited annual financial statements of the company and the audited consolidated annual financial statements of the group for the year ended 31 december 2016 .
in 2014 the group launched a business aviation charter air carrier klasjet . same year , baa training launched an aviation training it software developer momook . [ 27 ]
avia solutions group ab is a holding company , which is engaged in the provision of aviation solutions and services . it operates through the following segment include : aircraft maintenance , repair and overhaul , aircraft ground handling and fuelling , pilot and crew training and unallocated sales . the aircraft maintenance , repair and overhaul segment is involved in aircraft and aircraft components maintenance , repair , overhaul , engineering , spare parts and consumable sale , technical personnel training . the aircraft ground handling and fuelling segment is involved aircraft handling , passengers servicing , tickets sale and into - plane fuelling . the pilot and crew training segment is involved in full scope of integrated flight training solutions . the unallocated sales segment includes sales of management services , which cannot be attributed to the other segments . the company was founded in 1938 and is headquartered in vilnius , lithuania .
new york , may 18 , 2015 ( globe newswire ) - - sequential brands group , inc . ( nasdaq : sqbg ) (
sequential
or the
company
) announced today a key category expansion for its active lifestyle brand avia® with the introduction of a full line of wearable fitness accessories at major retailers nationwide .
in 2007 , the group established aviation asset management ( now aviaam leasing ) . in june 2008 , it signed its first third - party lease contract with kazakh scat air . [ 19 ] aviaam leasing left the group in 2010 . in 2013 aviaam leasing launched its ipo and now is listed on wse . [ 20 ]
urltoken offers effective aviation personnel solutions . we are here to help airlines and aviation professionals to get together for mutual business relations in a possibly shortest and most effective way .
podstawa prawna : the annual general meeting of ab avia solutions group ( legal entity code 302541648 , registered address at smolensko st . 10 , vilnius , the republic of lithuania ) ( the company ) shareholders ( the meeting ) will be held at the headquarters of the company at smolensko st . 10 , vilnius , the republic of lithuania , at 10 . 00 a . m . on 28 april 2017 . registration will take place from 9 . 00 a . m . till 9 . 50 a . m .
avia® is a lifestyle brand that truly resonates with the everyday active consumer who seeks trusted and affordable products that will help them lead a healthier lifestyle ,
stated eddie esses , president of sequential ' s active division .
we are thrilled to expand the avia brand with the introduction of innovative wearables and increase our product offering with incredible retailer partners .
uni - en report no4 / 2017 the annual general meeting of ab avia solutions group ( legal entity code 302541648 , registered address at smolensko st . 10 , vilnius , the republic of lithuania ) ( the company ) shareholders ( the meeting ) will be held at the headquarters of the company at smolensko st . 10 , vilnius , the republic of lithuania , at 10 . 00 a . m . on 28 april 2017 . registration will take place from 9 . 00 a . m . till 9 . 50 a . m .
in order to ensure clients that we provide with only high quality solutions , our aviation services have all required certificates and approvals , issued by both international and local civil aviation authorities .
focusing on strong core competencies we can offer a unique mix of services that encompass consulting , engineering , turnkey solutions , and operation and management services . we are committed to providing our clients with bespoke and innovative solutions that improve air operations safety and performance , in compliance with international standards , and using the most advanced technology , in a sustainable and long term perspective .
fl technics , a member of avia solutions group ( asg ) family , continues to expand its already extensive business capabilities . the company providing integrated aircraft maintenance and repair services fl technics announced that they had entered into a definitive agreement under which fl technics would acquire storm aviation limited , the leading international provider of line maintenance services for narrow bodied and wide bodied aircraft . this acquisition will enable fl technics to have a network of 24 line stations in total across europe and the cis and extend capability list of line maintenance services for further expansion of the business .
2 . to approve the audited annual financial statements of the company and the audited consolidated annual financial statements of the group for the year ended 31 december 2016 ( annex no 2 ) .
ab avia solutions group , code 302541648 , registered address at smolensko str . 10 , vilnius , lithuania ( hereinafter referred to as the company ) , the authorized capital of which amounts to ltl 7 , 777 , 777 and is divided into 7 , 777 , 777 ordinary registered shares ( isin code of the company ' s shares is lt0000128381 ) with the par value of ltl 1 ( one litas ) per share entitling to 7 , 777 , 777 votes at the shareholders ' meeting on 30 april 2015 convened the annual general meeting of shareholders ( hereinafter referred to as the meeting ) .
a wse listed company with more than 17 subsidiaries globally providing comprehensive aviation business solutions . the group integrates commercial and business mro service providers fl technics , fl technics jets and helisota , pilot and crew training services provider baltic aviation academy , ground handling provider baltic ground services , online aircraft spare parts marketplace locatory . com , aviation staff leasing company urltoken as well as aircraft management and business charter company klasjet .
each shareholder holding shares that grant at least 1 / 20 of all votes shall have the right of proposing draft resolutions on the issues already included or to be included in the agenda of the general meeting of shareholders , to nominate the audit company . the proposed draft decisions at any time before the general meeting of shareholders must be presented in writing by sending them by registered mail to ab avia solutions group , smolensko st . 10 , vilnius , the republic of lithuania . the shareholders shall also be entitled to propose draft resolutions on the agenda issues of the general meeting of shareholders in writing during the meeting .
the company also introduced avia ascend , a state - of - the - art app that supports its new line of fitness trackers . the app features multiple functions not found in other mobile fitness offering including :
asg last year posted over 300 million euros in revenue , up from 229 mln euros in 2015 . the group , which brings together 20 companies , employs a workforce of around 2 , 500 people .
resolution : to approve the audited annual financial statements of the company and the audited consolidated annual financial statements of the group for the year ended 31 december 2014 ( annex no 1 , 1 / 72 pages ) .
each shareholder holding shares that grant at least 1 / 20 of all votes shall have the right of proposing to supplement the agenda of the general meeting of shareholders . draft decisions on the proposed issues shall be submitted together with the proposal or , if the decisions do not need to be approved , explanations on each proposed issue of the general meeting of shareholders shall be presented . proposal to supplement the agenda must be presented in writing by sending it by registered mail to ab avia solutions group , smolensko st . 10 , vilnius , the republic of lithuania . the agenda will be supplemented if the proposal is received not later than 14 days before the general meeting of shareholders .
krakow . last year we won a 10 years’ lease tender for jet fuel storage and blending base in vilnius airport . with our existing infrastructure in poland we can now offer very effective logistic solutions to our clients in the region .
“our long - term strategy is beginning to bear fruits as we have been heavily investing in physical expansion and services diversification for the past couple of years . in the long - term , our goal is to become one of the leading comprehensive aviation service providers in europe , as well as have a strong presence in the ever - growing asian market . fl technics already has a hangar in jakarta , indonesia , and baa training’s singapore training base provided numerous future pilots with eu - standard training , and we plan to bring more of our experience , as well as know - how to the region in the nearest future , ” comments gediminas ziemelis , chairman of the board at avia solutions group .
helisota will continue to trade under its name and retain its management team , says avia . the kaunas - based maintenance provider is an approved service facility for russian helicopters types and robinson r44s . it generated a turnover of ltl42 million ( $ 16 million ) in 2012 .
klasjet is a european charter carrier , specializing in private and corporate charter flights as well as comprehensive aircraft management solutions . with own fleet of business jets based in vilnius , lithuania , as well as other airports across russia , eastern europe and the cis , . . .
fl technic‘s employees are its foundation . we look for people who share our unique core values so we can continue building and growing that foundation . our company maintains the top quality standards and is continuously looking for talented and collegial people , willing to comply with our values and our clients’ needs . if you are an ambitious and determined team player , we may offer you challenging opportunities in a global provider of tailor - made solutions for aircraft maintenance , repair and overhaul ( mro ) solutions . we offer a friendly atmosphere , professional attitude towards our business , excellent opportunities for career development and challenging assignments .
in the beginning of the year the asg board members came to an agreement regarding the establishment of 20 brand new fl technics line maintenance stations by the end of 2012 . fl technics activity will continue to be directed towards the development and expansion of major aircraft technical support and maintenance business solutions : smooth provision of base and line maintenance services , full logistical support of spare parts and components as well as rapid expansion of warehouse portfolio capabilities . the company will also carry on selling spare parts and components , offering technical training , engine overhaul and maintenance and individual components’ repair services as well as regular technical maintenance and certification solutions .
our group operates in 7 countries , we have four main business lines ( maintenance and repair business , charter , ground handling and training ) and we entered some highly promising business areas at the beginning of last year . our main profit generator fl technics is on track with its revenues and net profit .
fl technics is a global provider of tailor - made solutions for aircraft maintenance and repair . company specializes in base and line maintenance , full aircraft engineering , engine management , spare parts and components support , military aircraft component support , logistics and distribution , technical training and consulting services , landing gear and apu management , .
the group last year generated 22 % of its revenue in russia ( down from 58 % in 2013 ) , 33 % in europe , 16 % in the cis ( 21 % ) , 16 % in africa and 13 % in asia ( 1 % ) . it did not operate in europe and africa in 2013 .
the asg group consists of the business - class charter carrier klasjet , the ground handling and aircraft fuelling services provider baltic ground services , the aircraft maintenance , repair and overhaul ( mro ) services company fl technics , the helicopter mro services provider helisota and the tour operator kidy tour . ziemelis also was a key shareholder of the bankrupt airline flylal .
since its foundation and by now the group has developed a strong technical base , necessary infrastructure , teamed and trained top - level professionals and received international activity certification and recognition . both the company and its team are active members of various local communities , and provide extended support to sport , culture , environment , and health - related organizations and groups .
fl technics provides technical maintenance solutions in its main facilities in lithuania and ukraine and across line maintenance stations in russia , tadzhikistan , kazakhstan , italy , turkey and lithuania . last year the company also implemented a 24 / 7 aog ( aircraft on the ground ) helpline , enabling its users to receive prompt technical assistance and / or aircraft parts at any time .
support a group of lithuanian children ' s travels to the dariaus and gireno aerodrome to conduct private flights over the kaunas district in one of baltic aviation academy’s tecnam aircraft . the amazing flights were not just a christmas present for the kids , but also a part of a national charity campaign “give a hand to kindness” which is personally supported by gediminas ziemelis .
with over 100 years of combined experience midamerican aerospace has a wealth of experience . their resources enable them to provide world class services in aftermarket spares solutions through aggressive procurement and active aircraft dismantling projects . through their relationship with locatory . com , both companies are continually searching for more effective streamline ways to improve productivity and exposure . josh hall , a sales associate [ . . . ]
known for its athletic footwear and activewear apparel , avia® is expanding its product offering to include an innovative line of wearable products that unite performance and function to support athletes at every level . partnering with lifeworks , a leader in technology and innovation , the brand ' s first collection of wearables includes bluetooth enabled activity trackers , digital pedometers and heartrate monitors , smartphone armbands , active sport earbuds , performance insoles , headbands , waistbands and other running / fitness accessories .
there were , of course some factors that caused negative outcomes . the turmoil in egypt , the crisis in italy , the bankruptcy of orbis , problems with some other tour operators in europe – all these have contributed to poor results of small planet airlines in some countries where the carrier consolidated lower profit margins than it was planned initially . on the other hand , from the very beginning the group has not planned on making small planet the core group business . however , it has helped us to expand geographically and has allowed fl technics to assimilate new types of aircraft for maintenance , airbus 320 in particular . we have officially declared that we would like to divest from charter business altogether and this process has already started . so we are happy with what is going on and we believe that we can deliver much more good news to our clients , investors and employees in the nearest future .
the rotorcraft mro activities are to be operated in partnership with fl technic’s business - aviation support arm , which was set up in 2011 .
it is only natural that with our currently owned infrastructure and resources , we have decided to turn to the direction of helicopter maintenance ,
says avia’s chief executive linas dovydenas .
we had two options : either to start a company from nil , or acquire an already existing one with the view to developing it .
small planet airlines ( s5 , vilnius ) and its polish subsidiary , small planet airlines polska ( p7 , warsaw chopin ) , are to be consolidated into a single holding company , small planet group uab , ceo vytautas kaikaris has announced . in a statement issued to ch - aviation , kaikaris , who in march 2013 acquired small planet in conjunction with partner andrius staniulis , said the shareholding of the new holding firm would not change . “the reorganisation is a step in our strategy to achieve a . . .
business segments : the aircraft maintenance , repair and overhaul ( mro ) segment is involved in aircraft and aircraft component maintenance , repair , overhaul , engineering , spare parts and consumable sale , technical training and consulting ; the aircraft ground handling and fuelling segment is involved aircraft handling , passengers servicing , tickets sale and into - plane fuelling ; the pilot and crew training segment is involved in a range of integrated flight training solutions , and the unallocated sales division includes sales of management services . the company also acts as a tour operator under the kidy tour brand name .
klasjet ( klj , vilnius ) has announced it has added a maiden b737 - 500 to its fleet in the form of ly - klj ( msn 28923 ) . the vip - configured jet features seating for fifty - six passengers and was refurbished earlier this year . based out of lithuania , klasjet specializes in aircraft management solutions , as well as private and corporate charter flights . aside from the b737 - 500 , it also operates a vip - configured crj - 200 , challenger 850 , and hawker 850xp from its base at vilnius as well as other . . .
fl technics acts as one - stop - shop maintenance solutions’ provider for customers from europe , the cis and asia - pacific . with offices in lithuania , russia , the united kingdom , poland , italy and malaysia , the company provides services in base maintenance facilities in lithuania , as well as through an extensive network of line maintenance support across europe , asia pacific and the cis . fl technics is an easa part - 145 , part - m , part - 147 , part - 21 certified company , as well as a boeing goldcare program partner , with certificate approvals in russia , bermuda and other countries .


the makin institute is a subsidiary of khatam al-anbia in iran .

it is blacklisted by the united states department of the treasury , the united nations , and the european union .

makin institute

the new sanctions are aimed at four entities that handle mining and engineering projects on behalf of khatam al - anbiya , including some with links to the nuclear program . they are fater engineering institute , imensazen consultant engineers institute , makin institute and rahab institute .
makin institute ( a . k . a . makin company ) , no . 2 iravan st . - tishfoon st . - khaje abdol ah ansari st . - shariati st . , tehran , iran [ npwmd ]
however , further proving ofac’s dedication to the administration of economic sanctions , general rostam qasemi , fatar engineering institute , imensazen consulting engineers institute , makin institute , and the rahab insititute were all designated as specially designated nationals ( “sdn” ) under the non - proliferation sanctions program yesterday .
fater engineering institute ( a . k . a . faater institute ; a . k . a . fater engineering company ; a . k . a . gharargah ghaem faater institute ) , no . 25 , valiasr jonoobi , azizi street , azadi sq . ne , tehran , iran [ npwmd ]
rahab institute ( f . k . a . rahsaz institute ) , ghorb - e ghaem building , valiasr st . , azizi blvd . , azadi sq . , tehran , iran ; eastern 14th st . , beihaghi blvd . , arjantin sq . , tehran , iran [ npwmd ]
imensazen consultant engineers institute , no . 5 / 1 , niroo alley , padegan - e - valiasr street , sepah square , tehran , iran [ npwmd ]
the institute of making is a multidisciplinary research club for those interested in the made world : from makers of molecules to makers of buildings , synthetic skin to spacecraft , soup to diamonds , socks to cities . membership of and day - to - day access to the institute is available to all ucl staff and students . learn more
this is all about the timing ,
said former treasury department official michael jacobson , now with the washington institute for near east policy .
this is an effort to show , ' we ' re serious about ramping up the pressure . '
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the purpose of the irgc campaign is to identify companies and entities that are owned , operated or controlled by the islamic revolutionary guard corp ( irgc ) , and to highlight relationships between these entities and multinational corporations .
with support from president ahmadinejad , the irgc has assumed a dominant role in the iranian economy . the irgc now largely controls the petrochemical , banking , construction and telecommunications sectors in iran . estimates of irgc control of the economy “range from a third to nearly two - thirds of iran ' s gdp – amounting to tens of billions of dollars . ” the irgc is estimated to own at least half of iran’s government - owned companies and control 68 percent of iran’s total exports .
many multinationals continue to do business with irgc - controlled entities including european and japanese automotive manufacturers citroen , renault , nissan , peugeot , volvo , fiat , mazda , isuzu , and yamaha . south african telecommunications firm mtn is also in direct partnership with the irgc - controlled iran electronics industries .
gharargahe sazandegi ghaem : acquired tunnel - building equipment and expertise from european firms such as wirth , and seli owned , controlled or acting on behalf of kaa .
oriental oil kish . operated by kaa . partially owned by former iranian president hashemi rafsanjani , notorious for threatening the incineration of israel by nuclear weapons . once involved in a $ 310 million oilfield - development contract with halliburton .
sadra , aka iran marine industrial company : naval - industrial giant 51 . 18 % controlled by the kaa and irgc . builds ships , docks , and floating oil rigs , and has been awarded huge government contracts and assistance since irgc takeover .
sepanir oil and gas engineering company : subsidiary of kaa . participates in iran ' s south pars offshore gas field development .
sepasad engineering company : owned by kaa . specializes in concrete dam construction and tunneling .
arvandan shipbuilding company : subsidiary of idro . builds high - speed patrol boats for the government of iran .
iran khodro group : subsidiary of idro . license - builds peugeot , renault , suzuki , daimler - benz , and hyundai models . produced over 690 , 000 vehicles in 2010 .
iran shipbuilding & offshore industries complex , aka isoico : consortium of shipbuilding and maritime construction companies . subsidiary of idro . former irgc commander , former kaa head , and us and eu - sanctioned rostam ghasemi serves as isoico’s chairman of the board of directors .
machine sazi pars co : designs , manufactures , and installs petrochemical - related machinery . subsidiary of idro . listed by the german government as an entity of concern for military procurement activities .
paysaz : acquired by idro in 2005 . involved in oil - industry supply chain construction .
saipa group : subsidiary of idro . license - builds citroen , renault , nissan , volvo , and iveco ( fiat ) models , and produced over 663 , 000 vehicles in 2010 .
bahman group : tehran - based manufacturing conglomerate 45 . 5 % owned by the irgc cooperative foundation . license - builds mazda and isuzu vehicles .
bahman diesel co : manufacturing of truck and bus parts . subsidiary of the bahman group . license - builds isuzu trucks .
bahman motor center : manufacturing and assembly of vehicles , including mazdas . subsidiary of bahman group .
iran docharkh co : handles imports , manufacturing and research for the bahman group , and builds yamaha motorcycles . subsidiary of the bahman group .
iran zinc mines development company : subsidiary of the irgc - controlled mehr - e eghtesad iranian investment company .
angouran mine : bought by the iran zinc mines development company for an estimated 20 % of market value . the bidding process involved only three companies , all highly interconnected and irgc - affiliated .
arvandan oil & gas company : nioc subsidiary , currently responsible for managing 12 separate oil and gas fields .
iranian helicopter company : affiliate of nioc . provides helicopter fleets and maintenance for numerous oil projects .
national iranian oil products distribution company ( niopdc ) : component of niordc . responsible for over 2850 fuel stations , 45 aviation fuelling centers , and the distribution of over 220 million liters of oil products per day all over the country .
national iranian tanker company ( nitc ) : responsible for transporting 53 million tons of crude oil , nitc ranks as the world ' s fourth largest tanker fleet . former subsidiary of nioc , now privatized but with reported links to the irgc - controlled oil supply chain .
national oil pipeline and telecommunications company ( ioptc ) : component of niordc , responsible for pipeline management and telecommunications services .
national oil refining and distribution company ( niordc ) : component of nioc and the ministry of petroleum , primarily responsible for transporting and exporting of petroleum products , and operating 6 large refineries .
north drilling company : subsidiary of nioc . involved in drilling projects beyond iranian borders , such as the iran khazar offshore rig in turkmenistan .
petropars : subsidiary of nioc . created to take advantage of the south pars gas field .
ansar bank , aka ansar financial and credit institution : created by bonyad taavon sepah to provide financial and credit services to irgc personnel .
bank industry and mine ( of iran ) : state owned , focusing on mining projects . used by the irgc to evade us and international sanctions . collaborates with bank mellat and bank saderat .
europaisch - iranische handelsbank ( eih ) : german subsidiary of bank industry and mine , focusing on international business with iran . 26 . 3 % owned by bank mellat , 19 % owned by bank terjarat .
bank mellat : state - owned , designated by us treasury for providing services to the irgc - affiliated atomic energy organization of iran ( aeoi ) .
first east export bank , p . l . c : owned or acting on behalf of bank mellat .
bank melli : iran ' s largest bank , used by tehran to transfer over $ 100 million to the irgc quds force , for the purpose of organizing , training and equipping islamist movement around the globe . serves as a facilitator for the irgc ' s sensitive activities , especially the purchase of materials for iran ' s nuclear and missile programs .
arian bank : joint - venture between bank melli and bank saderat to expand irgc - controlled financial activities into afghanistan .
future bank b . s . c : bahrain - based joint - venture controlled by bank melli and bank saderat .
bank saderat : 94 % state - owned institution which handles financial services for the ministry of defense and armed forces logistics ( modafl ) - controlled defense industries organization and irgc - controlled iran electronics industries . used by the regime to transfer funds to terrorist organizations such as hamas , hezbollah , popular front for the liberation of palestine - general command ( pflp - gc ) and palestinian islamic jihad .
bank sepah : 100 % irgc - owned . assisted iran in funding development of missiles and nuclear weapons capability by supporting the irgc - controlled shahid hemmat indsutrial group ( shig ) and shahid bagheri industrial group ( sbig ) .
post bank of iran : acts on behalf of bank sepah ( designated under unscr 1747 ) , hiding bank sepah ' s connections in order to circumvent sanctions .
bank tejarat : 42 . 81 % state - owned . facilitated the transfer of tens of millions of dollars in support of the irgc - affiliated atomic energy organization of iran ' s efforts to acquire yellowcake uranium .
export development bank of iran ( edbi ) : provides financial services to modafl subordinate entities in order to circumvent or breach sanctions . handles payments for bank sepah and entities associated with iran ' s nuclear and ballistic missile programs .
banco internacional de desarrollo , c . a : autonomous subsidiary of the export development bank of iran offering financial products to strengthen ties between the iranian and venezuelan economics .
mehr bank , aka finance and credit institution : provides financial services to the irgc . created by bonyad ta ' avon sepah , an organization comprised of irgc commanders .
mehr - e eqtesad - e iranian investment company : owned or controlled by mehr finance and credit institution , affiliated with the irgc - controlled tidewater .
etemad amin investment co mobin : contributes to the financing of the regime and irgc . includes two irgc - controlled funds , tose ' eh - ye e ' temad and shahriar - e mahestan . purchased a large portion of telecommunications company of iran stock in order to facilitate irgc restrictions on free communications . listed by the british government as an entity of proliferation concern .
behnam shahriyari trading company : provided support and weapons to hezbollah on behalf of the irgc . acts on behalf of liner transport kish .
iran air : iran ' s national airline , used by the irgc and modafl to transport military - related equipment , including missile and rocket components to syria . most iran air jets prohibited from entering eu airspace due to safety concerns . the un has called on all countries to inspect cargo carried by iran air cargo , and the eu has prohibited iran air cargo access to eu airports .
iran air tours : subsidiary of iran air . serves as iran air ' s domestic air carrier .
liner transport kish : employed by the irgc to support terrorist activities outside of iran . provides material support , including weapons , to hezbollah .
mahan air : provides transportation , funds transfers and personnel travel service to the irgc quds force and hezbollah . coordinated with the irgc to ferry secret operatives and weapons in pursuit of the attempted assassination of the saudi ambassador to the us .
tidewater middle east company : port operator owned by mehr - e eqtesad iranian investment company , mehr bank and the irgc . manages approximately 90 % of iranian container operations , and is used by the irgc for illicit shipments .
iran electronics industries ( iei ) : irgc - operated conglomerate responsible for facilitating the irgc ' s control over the telecommunications and electronics sectors . main shareholder of mtn irancell ( south african telecom giant mtn owns other 49 % ) , the second largest mobile phone network operator in iran , which enables the irgc to exploit foreign technology to locate and persecute dissidents and suppress communications during fraudulent elections .
telecommunications company of iran ( tci ) : one of iran’s leading telecommunications firms , 50 % owned by the irgc following a 2009 purchase by etemad amin investment company mobin . the irgc’s control of tci enables it to better censor and restrict the free flow of communication .
iran is seeking a foothold in north africa , says morocco ' s foreign minister . will our european allies heed his warn… urltoken
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washington — the treasury department imposed sanctions on wednesday on a commander and four companies linked to the islamic revolutionary guards corps of iran , underscoring the obama administration’s determination to single out the elite corps as a way to curb iran’s nuclear program .
the treasury said it froze the assets of four affiliates of a sprawling construction conglomerate owned by the revolutionary guards , as well as those of gen . rostam qasemi , who oversees the companies , because they are accused of being involved in iran’s effort to manufacture nuclear weapons .
the designations , which come two and a half years after the united states first imposed sanctions on the corps , illustrate the scope and limitations of the president’s pressure campaign .
as the administration marshals support for new united nations sanctions against iran , it plans to publicly single out an array of companies , banks and entities controlled by the revolutionary guards to highlight the extent to which the organization controls the iranian economy .
but the guards have found ways to circumvent existing sanctions by setting up subsidiaries and front companies that allow the organization to continue to deal with banks , shipping companies and suppliers outside iran . the latest measures are meant to close those loopholes .
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in this case , the conglomerate , khatam al - anbiya , has been under treasury sanctions since 2007 . a senior administration official said the company had dug a network of underground tunnels that house elements of iran’s nuclear program .
with the headline : u . s . penalizes companies tied to iran corps .
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u . s . sanctions irgc engineering firms - laura rozen : u . s . sanctions irgc engineering firms
a day after iran said it was beginning to feed low enriched uranium through centrifuges at its natanz pilot facility to create nuclear medical isotopes , the u . s . has announced sanctions on four engineering firms said to be controlled by iran ' s islamic revolutionary guards corps ( irgc ) .
the obama administration has
been talking about [ sanctioning ] the irgc for a long time ,
jacobson continued .
this is where there is the most consensus internationally . this is the one thing everyone can agree on
to penalize , he said , citing the irgc ' s role in human rights abuses , in the iranian economic sector , and proliferation . in october 2007 , the u . s . designated the irgc and irgc - qods force for their involvement in proliferation and terrorism - support activites . elements of the irgc have also been designated for un sanctions under two previous un security council resolutions on proliferation grounds .
the foundation for the defense of democracies ' mark dubowitz said today ' s designation was a good start , given the dominant role of the parent firm ( whose full name is gharargah sazandegi - ye khatam al - anbia , or ghorb ) in the iranian energy sector .
to have any meaningful impact on the activities of the irgc , targeted sanctions must focus on the guard’s leaders and front companies active in iran ' s energy sector ,
he said .
oil provides about 80 % of iran’s export earnings and 50 % of government revenue .
given the dominance of the revolutionary guard in the iranian energy sector , asian and european companies might find it difficult to do business in this energy sector without transacting with irgc companies ,
he added .
in 2006 , dubowitz said , ghorb received more than $ 7 billion in contracts including , as reported by international oil daily , a $ 2 billion contract to oversee the development of the south pars gas project , and a $ 1 . 3 billion no - bid contract for a gas pipeline running from a port near south pars to the border with pakistan .
in recent iran policy discussion , the obama administration has been cautious about sanctioning the firms of countries that it is working with internationally to isolate iran , as bills recently passed in both houses of congress would do , in particular as it seeks to get a new resolution on iran through the un security council . among the countries it needs to vote for a resolution at the security council , several countries with energy and other investments in iran , including austria , russia , and japan .
china , a permanent member of the security council , has so far indicated it does not support new economic sanctions on iran . but some western diplomats expect that it will at least abstain from a veto , or possibly support a weak resolution . it takes nine countries to pass a resolution in the 15 member un security council , but the u . s . would want it to pass ideally with a bigger margin to signal international solidary .
as these things go , they usually try to get as close to unanimous as possible because of concerns that a split vote will send the wrong message to tehran ,
says the foreign policy initiative ' s jamie fly , a former bush - era nsc official .
but even a weak un security council resolution could help facilitate further international action on iran , including european union sanctions on iran . the eu is currently iran ' s second largest trading partner , after china , the financial times reported this week .
defense secretary robert gates wants a new un sanctions resolution on iran passed in
weeks , not months ,
his spokesman geoff morrell said yesterday .
meantime , the international atomic energy agency said that it would convene a board of governors meeting on friday . at the last one in november , the iaea board of governors voted for a resolution rebuking iran for its lack of compliance with the iaea , including for failing to disclose its construction of an enrichment facility in qom until last september .
the iaea rebuke passed overwhelmingly , including with votes of moscow and beijing . malaysia reportedly recently recalled its rep to the iaea for voting against the resolution .
i have never seen an administration reach out in as principled and comprehensive a way as president obama has done ,
gates said in a press conference tuesday in ankara , turkey .
the response has been quite disappointing .
- - - - - - - - - - - fekking duh ! aj is a madman ! our president is trying to treat him like he actually cares about his actions . didn ' t work with the other madman throughout history either . those who fail to learn from history are doomed to repeat it . naive = obama .
it would be nice if this works . . . . . china is threatening to seel our bonds . . . china is not on board . . . this is a volatile situation .
in 2007 , obama voted against the kyle - leiberman bill designating the revolutionary guard , or qods force as a terrorist entity . he claimed it was merely ,
saber - rattling
: a pretext for war with iran . in obama ' s world , the qods force is just another misunderstood cultural phenomenon that acts out ( killing us servicemen in afghanistan , iraq and jews worldwide ) because bush was a go - it - alone bully with a texas drawl . the united states '
shameful past
excludes us from making judgments on ethnic community organizers like the qods .
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steven terner mnuchin was sworn in as the 77th secretary of the treasury on february 13 , 2017 . as secretary of the treasury , mr . mnuchin is responsible for the executive branch agency whose mission is to maintain a strong economy , foster economic growth , and create job opportunities by promoting the conditions that enable prosperity and stability at home and abroad .
secretary mnuchin leads u . s . delegation to g - 20 finance ministers and central bank governors meeting in buenos aires , argentina
rt @ speakerryan : filing your taxes just got a little less taxing . @ ustreasury unveiled the new return for 2019 , and as promised , it’s the s…
qasemi , rostam ( a . k . a . ghasemi mohammadali , rostam ) , iran ; citizen iran ; nationality iran ; passport a2463775 ( iran ) ( individual ) [ npwmd ]
department of the treasury 1500 pennsylvania ave . , n . w . washington , d . c . 20220
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what an amazing festival of stuff finale ! we had the chemistry of pyrotechnics , ice creams with agar pearls , pewter casting , an actual public bronze pour , the algae beauty bar , a great glue off station and so much more . thank you to all our amazing contributors , volunteers and visitors for making it a brilliant day brimming with all manner of making . # making # materials # festivalofstuff
we are part of a pioneering five year epsrc - funded project investigating the use of robotics to maintain and repair city infrastructure . more
the fesitival of stuff open day extravaganza is officially open ! ! super shiny aluminum in the materials library . …
three ( 3 ) keys to drafting an ofac specific license app . . .
i was quite surprised to find out that the united states department of the treasury office of foreign assets control ( “ofac” ) designated one iranian individual and four iranian entities under the non - proliferation . . .
the non - proliferation sanctions are designed to freeze the assets of designated proliferators of weapons of mass destruction ( “wmd” ) and their supporters . ofac’s actions here are especially focused upon khatam al - anbiya construction headquarters , an arm of the irgc that has been designated as an sdn since 2007 .
amongst the designees are iranian revolutionary guard corps ( “irgc” ) general rostam qasemi , who is also the commander of khatam al - anbiya construction headquarters the engineering arm of the irgc , which serves to help the irgc generate income and fund its operations . that entity is also involved in the construction of streets , highways , tunnels , water conveyance projects , agricultural restoration projects , and pipelines .
the u . s . has previously acted against the irgc and the irgc - qods force . on october 25 , 2007 , the state department designated the irgc , under e . o . 13382 , for having engaged , or attempted to engage , in proliferation - related activities , and treasury designated the irgc - qods force pursuant to e . o . 13224 for providing material support to the taliban and other organizations .
furthermore , elements of the irgc have previously been designated under un sanctions pursuant to un security council resolutions ( unscrs ) 1737 and 1747 . all un member states are required to freeze the assets of entities and individuals listed in the annexes of those resolutions , or designated by the unscr 1737 committee , as well as assets of entities owned or controlled by them or by persons or entities acting on their behalf or at their direction and to prevent funds or economic resources from being made available for their benefit .
just to clear up a point of possible confusion that the media might have or may in the future cause ; these are not new iran sanctions . they are designations made pursuant to an existing sanctions program against certain iranian individuals and entities in iran .
i saw on cnn this morning where the tagline read that there are new sanctions against iran . that is incorrect . there are iran sanctions currently in effect , which are known as the iranian transactions regulations ( “itr” ) , however , they are not modified as a result of the designation of these persons . indeed , these persons were not designated or punished pursuant to the itr .
that said there is still an elevated danger to iranians or anyone else who might have dealings with any of these designees , whether that involvement was pursuant to a specific license or not . if you are any way involved with any of these newly designated sdns , it would be wise to contact an attorney who is experienced in dealing with ofac and the economic sanctions programs they administer .
the author of this blog is erich ferrari , an attorney specializing in ofac litigation . if you have any questions please contact him at 202 - 280 - 6370 at 202 - 351 - 6161 or ferrari @ urltoken .
the iranian transactions regulations practice guide is the first ever practice guide wholly devoted to a specific u . s . economic sanctions program .
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