Sunday, December 13, 2020

Court tells AI to give £13m to Irish co over non-payment of rent on 5 leased aircraft

Court tells AI to give £13m to Irish co over non-payment of rent on 5 leased aircraft

Naomi Canton

London: 13.12.2020

Air India was on Friday ordered to pay £13 million (Rs 130 crore) to an aircraft leasing company in Dublin for non-payment of rent and related charges on five Airbus A320-200 aircraft it had leased.

India’s national flag carrier has until January 11, 2021 to make the full payment to Aircraft Limited or else it could face enforcement action.

Simon Salzedo QC, sitting as a judge of the high court, entered summary judgment against the airline for the full debt that Aircraft Limited in Dublin is claiming — $17.6 million (£13.4 million). Salzedo criticised Air India for its “unsatisfactory and discourteous conduct” by failing to respond to the application for summary judgment until after the time the skeleton arguments were due to be filed. Air India did not contest the application for summary judgment.

Full report on www.toi.in

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