Mr Cyr says he designed a programme in 2016 to provide airlines with a means to process data to improve revenue and prices for flight routes. He says it means directors of airline companies can readily ascertain which routes are profitable and where there is room for improvement.
Mr Cyr says there was no question of Planitas taking over PasRM’s business or otherwise appropriating its assets or customers or that they would be treated as a single entity.Mr Cyr says he did not query certain arrangements made with one of the two airlines because he had “full trust and confidence” in Planitas, in Mr Mooney and others in the company as well as their solicitor.
Mr Cyr believed this was not in line with the original agreement and “had the effect of reducing the value of the company to nought”. The proceedings are against Planitas, Mr Mooney, fellow Planitas shareholder Philip Connell, and Planitas secretary Brendan Delaney, who Mr Cyr says was nominated to hold the PasRM shareholding on Planitas’s behalf.
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