Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) on May 31, 2013, pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction (WMD) and their supporters; removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action.

Designated for leasing aircraft to Iran Air; reportedly owns a fleet consisting of McDonnell Douglas MD-82 and MD-88 aircraft; has leased aircraft that have been flown into Syria by Mahan Air, which has moved suspected illicit cargo to the Assad regime on multiple occasions; reportedly has leased aircraft to Iran Air Tours, Chabahar Airline, and Taban Airlines; main hub is Chernivtsi International Airport.

Majority shareholder, with a 88.32% stake, is reportedly Rodrigue Elias Merhej; company officials reportedly include Iliuk Robert Franzevich (chairman) and Kobyvnik Anatoliy; reportedly established in 1999.