Flair Airlines files $50M lawsuit against leasing firms over plane seizures
has filed a $50-million lawsuit against the leasing firms that seized four of its planes late last week and following a statement from one lessor that the airline had repeatedly missed payments over the course of recent months.
The statement of claim, obtained by Global News, alleges the repossession of the planes was unlawful, invalid and non-compliant with the lease’s agreements. It demands the return of the aircraft to Flair and for the lessors to continue leasing them to the airline in accordance with its lease agreement.
While Flair claims the seizure of the planes, which caused cancelled flights, was not warranted, its lessor, Airborne Capital, said Tuesday that the airline was millions behind in payments and the move was justified.In the claim that was filed in Ontario Superior Court, Flair says that after paying millions in lease payments, the lessors “found a better deal leasing or selling the aircraft to a third party.
The lessors — Columba Lights Aviation Ltd., Corvus Lights Aviation Ltd., and MAM Aircraft Leasing 4, all based in Ireland and which Airborne manages — then set up Flair for a technical default, terminated the leases and seized the aircraft on a “pretense of relatively insignificant amounts,” the airline alleges. Flair says it made an agreement to pay the lessors in a matter of days, which was agreed to, but at around 3:00 a.m. on Saturday morning, the aircraft were seized.
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