Dallas Woodrum Discusses Cuban Embargo in Light of Air Crash
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Akin Gump international trade lawyer Dallas Woodrum was quoted by The New York Times for its article “Hand-Me-Down Plane That Crashed Reflects a Cuban Air Industry in Crisis,” on the May 19 crash outside Havana of an almost-40-year-old plane that killed 110 people.
Discussing the question of whether Cuba can access world markets to finance new plane purchases, Woodrum, whose practice focuses on sanctions, export controls and trade compliance investigations, said, “The embargo does play a role in inhibiting business with Cuba, but there are policies to promote the sale of aircraft. Whether businesses decide to take advantage of that is a different question, and a matter of their risk tolerance and what type of reward they see.”
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