Flair Airlines files $50M lawsuit against leasing firms over plane seizures
Flair Airlines 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.
Finally, it claims $50 million in damages “for breach of contract, breach of duty of good faith in contractual performance, negligent and/or fraudulent misrepresentation, wrongful seizure, conversion, and conspiracy.”
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.
— More to come.
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