US EditionLeasing Companies Allege Flair Failed to Make Rent Payments, Ignored Default Notices
- In 2023, several aircraft leased to Flair Airlines were repossessed by lessors at Canadian airports, who are now pursuing US$30.9 million in claims for alleged missed lease payments and ignored default notices.
- The seizures followed Flair's alleged failure to make lease payments over months, which the lessors claimed occurred despite repeated default notices.
- Flair filed a $50-million lawsuit in March 2023 against Airborne Capital Inc. and affiliates, accusing them of arranging a third-party deal and wrongful seizures.
- Flair’s CEO, Maciej Wilk, described the lessors’ counterclaim as an expected reaction to the airline’s lawsuit and emphasized that the issues referenced date back more than two years, while the lessors maintained that they did not violate contracts or act improperly.
- The airline lost more than 20% of its total 19-aircraft fleet, leading to the cancellation of numerous flights, while unresolved claims and counterclaims continue to keep the airline’s operations uncertain pending court resolution.
21 Articles
21 Articles
castanet.net
Leasing companies allege Flair failed to make rent payments, ignored default notices
Plane-leasing companies that seized four aircraft from Flair Airlines in 2023 are seeking damages from the budget carrier, alleging it failed to make rent payments by the deadline and ignored repeated default notices.
Leasing Companies Allege Flair Failed to Make Rent Payments, Ignored Default Notices
Plane-leasing companies that seized four aircraft from Flair Airlines in 2023 are seeking damages from the budget carrier, alleging it failed to make rent payments by the deadline and ignored repeated default notices. The allegations were detailed in a statement of defence and counterclaim for US$30.9 million filed in Ontario Superior Court on June 26. In March 2023, Flair Airlines filed a $50-million lawsuit against Irish-based Airborne Capital…
Flair Airlines failed to make rent payments before planes seized, leasing companies allege
Plane-leasing companies that seized four aircraft from Flair Airlines in 2023 are seeking damages from the budget carrier, with allegations detailed in a statement of defence and counterclaim for $30.9 million US filed in Ontario Superior Court.
The airline reportedly omitted payments and ignored repeated notices. The post Rental companies claim damages of US$30 million to Flair Airlines appeared first on Les Affaires.
Coverage Details
Bias Distribution
- 64% of the sources lean Left
To view factuality data please Upgrade to Premium
