Leasing firm begins action over aircraft purchase agreement

AN IRISH aircraft leasing company has brought a legal action against Air Italy over its alleged failure to honour an agreement to buy a Boeing 737-300 for $9 million (€7m).

Leasing firm begins action over aircraft purchase agreement

The Italian company claimed it was entitled to repudiate the contract after flight tests disclosed problems with the aircraft while Aergo Leasing contends it is normal for flight tests to disclose problems and that all those matters were satisfactorily addressed.

The proceedings by Aergo Leasing 110 Ltd, of Clanwilliam Terrace, Grand Canal Quay, Dublin, against Aer Italy SPA were admitted to the Commercial Court list yesterday by Mr Justice Peter Kelly.

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