The private investment firm 777 Partners, which owns airlines in Canada and Australia, is facing legal action in the UK over unpaid aircraft leasing fees and damages. Three aircraft lessors are chasing the firm for almost US$30m in unpaid fees and damages related to four aircraft leased to Flair Airlines, a Canadian low-cost carrier partly owned by 777 Partners.
The four planes were repossessed in March last year due to outstanding fees, causing operational issues.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Investment Swimwear: Is It Worth the Price?Expert tips on buying swimwear and whether investment pieces are worth the price.
Source: theage - 🏆 8. / 77 Read more »
Crypto Industry Faces Uncertainty as Influential Executives Face Legal TroublesMajor financial firms are showing renewed interest in digital currencies as the price of bitcoin surges. However, the industry's most influential executives, Sam Bankman-Fried and Changpeng Zhao, are facing prison time. This has led to a scramble for influence among crypto entrepreneurs, Wall Street executives, and government regulators, which could determine the future of crypto in the United States.
Source: smh - 🏆 6. / 80 Read more »