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Gesner Investments Ltd v Bombardier Inc: termination of aircraft purchase agreement

  • Morton Fraser
  • -
  • United Kingdom
  • -
  • November 30 2011

In its judgment of 11 October 2011, the English Court of Appeal analysed the terms of an aircraft purchase agreement entered into by Gesner and the aircraft manufacturer Bombardier

Refund guarantee doesn’t extend to the insolvency of the builder

  • Morton Fraser
  • -
  • United Kingdom
  • -
  • February 16 2011

In our Spring 2010 e-news we reported on the case of Kookmin Bank which dealt with the interpretation of a refund guarantee between Kookmin Bank (the "Bank") and the customer of an insolvent shipyard

Exercise of the fleet lien in the UK

  • Morton Fraser
  • -
  • United Kingdom
  • -
  • July 30 2010

An aircraft leasing company, Global Knafaim Leasing Ltd (“GKL”) leased an aircraft to Zoom Inc (“Zoom”), a Canadian airline. In August 2008 Zoom fell into financial difficulties and soon after went into liquidation

EU to introduce new directives to toughen protection against bankrupt airlines

  • Morton Fraser
  • -
  • European Union
  • -
  • February 15 2010

The European Commission has proposed measures to protect independent travellers from financial loss if their airline collapses