The U.S. Treasury Department removed Fly Baghdad Airlines Company and two of its Boeing 737 aircraft from its sanctions list today, but maintained individual sanctions against the airline's CEO, Basheer Abdulkadhim Alwan Al-Shabbani, according to an OFAC update. What Was RemovedThe August 5 removal specifically delisted:Fly Baghdad Airlines Company (also known as Fly Baghdad and Iraq Express)(also known as Fly Baghdad and Iraq Express) Aircraft YI-BAF (Boeing 737-800)(Boeing 737-800) Aircraft YI-BAN (Boeing 737-700)These removals restore the airline's ability to access international banking systems, operate on international routes, and conduct business with foreign entities. Liability exposure : Does the airline or other officers become liable for sanctions violations if the CEO exercises corporate control? : Does the airline or other officers become liable for sanctions violations if the CEO exercises corporate control? Iraqi Government and Business ResponseThe Iraqi government is expected to welcome the airline delisting, which permits Fly Baghdad to resume regional and international operations and access frozen assets.