Flair launches $50M lawsuit against leasing companies following 'malicious' plane seizures

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The suit in the Ontario Superior Court of Justice mark the latest blow in a back\u002Dand\u002Dforth between the discount carrier and its lessors

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The filings in Ontario Superior Court state that a trio of leasing companies found a better deal for the planes with a third party and then set Flair up for default.Sign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter.

Flair also claims the lessors — Columba Lights Aviation Ltd., Corvus Lights Aviation Ltd., and MAM Aircraft Leasing 4, all based in Ireland — carried out the allegedly “malicious” seizures despite having made no objection to an arrangement put forward by Flair that would see it initiate payment early this week.

Claiming substantial damages, Flair further says leasing management company Airborne Capital Inc. “misled” the carrier and that another Dublin-based company agreed to a deal to buy or lease the aircraft, leading Flair to claim of breach of contract and “conspiracy.” The suit in the Ontario Superior Court of Justice mark the latest blow in a back-and-forth between the discount carrier and its lessors, with Airborne Capital stating Tuesday that Flair routinely missed payments over the past five months, resulting in the plane seizures.

 

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They wouldn't seize the plane without late payments

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Flair launches $50M lawsuit against leasing companies following plane seizures - BNN BloombergFlair Airlines has filed a $50-million lawsuit against several plane-leasing companies over what it claims were unlawful seizures of four of its aircraft over the weekend. Flair has no money to file a lawsuit...bye bye Flair Airlines
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Flair launches $50M lawsuit against leasing companies following 'malicious' plane seizuresThe suit in the Ontario Superior Court of Justice mark the latest blow in a back\u002Dand\u002Dforth between the discount carrier and its lessors
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