Finance company launches legal action against aircraft firm chiefs in €9m row

A FINANCE company has launched a legal battle against aircraft companyexecutives Philip de Vere Hunt and Pat Moloughney in a €9 million row.

Finance company launches legal action against aircraft firm chiefs in €9m row
Wed, 23 Sep, 2009 - 01:00
Business Reporter

The two men owe more than €9.6m after their business, Skypro Executive Jets, defaulted on its loans, according to a High Court writ.

Now GE Capital Equipment, which loaned Skypro €9.6m to buy a Hawker 850XP jet, is suing the two men, claiming they failed to make good on guarantees they provided.

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CourtsPlace: TipperaryPlace: Newpark DuallaPlace: CashelPlace: Shannon AirportPerson: Philip de Vere HuntPerson: Pat MoloughneyPerson: de Vere HuntPerson: MolougneyOrganisation: FinanceOrganisation: Skypro Executive JetsOrganisation: HighOrganisation: GE Capital EquipmentOrganisation: SkyproOrganisation: HawkerOrganisation: GE CapitalOrganisation: EI-KJCOrganisation: HouseOrganisation: CashelOrganisation: GE
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