GL-59

Active

Authorizing the Supply of Certain Items and Services Involving Consorcio Venezolano de Industrias Aeronáuticas y Servicios Aéreos, S.A. (Conviasa)

Status
Active
Program
VENEZUELA
Authorization
other
Effective
2026-06-18
Expires
No stated expiry

Machine-extracted. The summary, conditions, and reporting fields on this page were extracted by AI from the official document. Rely on the official OFAC General License, not this page.

Summary

General License No. 59 authorizes U.S. persons and entities in the United States to provide goods, technology, software, or services to Conviasa and its majority-owned subsidiaries for the maintenance, repair, upgrade, refurbishment, improvement, safety, or airworthiness of aircraft in which Conviasa or a Conviasa Entity has an interest. Covered transactions include payment processing, shipping, logistics, customs clearance, sale and installation of aircraft parts and components, software updates, and technical support. Transactions involving the Government of Venezuela that are ordinarily incident and necessary to the above activities are also authorized. The license contains several carve-outs, including prohibitions on non-commercially-reasonable payment terms, transactions involving Russia, Iran, North Korea, Cuba, or China-linked entities, military or intelligence activities, and unblocking of blocked property.

Authorized activities

  • Processing of payments, arranging shipping, logistics, customs clearance, and delivery services
  • Sale, supply, installation, inspection, testing, maintenance, repair, replacement, refurbishment, upgrade, or improvement of aircraft parts, components, equipment, software, and technology
  • Software updates
  • Technical support
  • Other services related to the maintenance, repair, upgrade, refurbishment, improvement, safety, or airworthiness of aircraft in which Conviasa or a Conviasa Entity has an interest
  • Transactions involving the Government of Venezuela that are ordinarily incident and necessary to transactions authorized by paragraph (a)

Conditions

The license does not authorize: (1) payment terms that are not commercially reasonable, involve debt swaps or payments in gold, or are denominated in digital currency, digital coin, or digital tokens issued by, for, or on behalf of the Government of Venezuela, including the petro; (2) any transaction involving a person located in or organized under the laws of Russia, Iran, North Korea, or Cuba, or entities owned/controlled by or in a joint venture with such persons; (3) any transaction involving an entity in Venezuela or the U.S. that is owned/controlled by or in a joint venture with a person organized under the laws of the People's Republic of China; (4) the unblocking of any property blocked under the VSR; (5) any transaction involving military or intelligence operations or activities; or (6) any transactions otherwise prohibited by the VSR unless separately authorized. Compliance with other Federal agencies, including the Department of Commerce's Bureau of Industry and Security, is still required.

Read the official OFAC General License ↗