October 22, 2014
SALT LAKE CITY (AP) - An airplane that mysteriously ended up in Iran is registered to a Utah bank under an arrangement that has prompted recent warnings from a government watchdog.
The jet became the subject of international intrigue after the New York Times revealed its presence in Iran. The story carried a picture of the jet, its tail number and a small American flag affixed to the side. Government officials aren't saying how and why the plane traveled to Iran.
Records show that the plane is registered to the Bank of Utah through an arrangement in which the bank serves as a trustee for aircraft owners. The DOT inspector general says such trusts are allowing foreign plane owners to conceal ownership.
A vice president at the bank says it's aware of the plane in Iran but is not investigating.
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