Society

American Aircraft Owned by the Bank of Utah Spotted in Iran

| by Will Hagle

Despite strict Obama administration-imposed economic sanctions against Iran, an American plane owned by the Bank of Utah was spotted in Tehran on Tuesday.

The presence of the plane was significant, as only a small, specific group of American and European-owned businesses are allowed to operate in the country due to the interim nuclear deal. 

The plane was spotted by a New York Times reporter in a visible area of Mehrabad Airport, and a photograph confirmed the jet had the image of a small American flag on its tail. 

Despite federal aviation records showing the plane is held in a trust by the Bank of Utah, an Ogden community bank with 13 branches throughout the state, the company is claiming ignorance in regards to the incident. 

“We have no idea why that plane was at that airport,” said Brett King, a Bank of Utah executive. 

According to the Daily Caller, the Bank of Utah does not own the plane outright, but it acts as a trustee for the foreign investors that do own the jet. The bank currently acts as a trustee for a total of 1,169 planes. It is currently investigating the aircraft that landed in Iran for "any hint of illegal activity," although they are keeping the owners' names confidential.

It is unclear whether the aircraft’s presence will cause any strain to the relationship between the U.S. and Iran, but the aircraft’s highly visible status indicates that it was likely approved for entry into the nation for legitimate business purposes.