Concise Aerospace - ILFC sues Basic Element for $5.7 m over leasing of three B737 to Kuban Airlines

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ILFC sues Basic Element for $5.7 m over leasing of three B737 to Kuban Airlines

Published 22 October 2012

Moscow city court schedules hearing for 7 December 2012; BasEl claims it didn't sign any agreements with ILFC so it expects the lawsuit to be dismissed; under Russian law, owners are typically not liable for obligations of subsidiaries except under certain conditions that may not apply in this case (1372 words)

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Article ID: 11007

• 22 October 2014 - Civil: Court rules in favor of leasing company in its lawsuit against AK Bars Aero
• 12 February 2014 - Civil: Court hearings: The long-delayed first meeting of creditors of Kuban Airlines took place, but the court made no decisions on the company's fate
• 23 January 2014 - Civil: Court hearings: The fate of Kuban Airlines may be decided on 7 February 2014
• 19 March 2013 - Civil: FAVT annuls AOC of Kuban Airlines
• 15 February 2013 - Civil: Court hearings: ILFC withdraws its lawsuit against Basic Element
• 13 December 2012 - Civil: Kuban Airlines' operating certificate is suspended
• 11 December 2012 - Civil: ILFC's lawsuit against Basic Element: Judge sets next hearing for 30 January 2013, but urges parties to reach a settlement
• 11 December 2012 - Civil: Kuban Airlines ceases operations and files bankruptcy request with Krasnodar court
• 15 November 2012 - Civil: Kuban Airlines hopes to get SSJ-100s via government-controlled OAO GTLK after a failure to sign an agreement with VEB Leasing
• 18 June 2012 - Civil: Kuban Airlines abruptly cancels flights on two routes to Moscow
• 23 May 2012 - Civil: Kuban Airlines may be on its own — or shut down — after July 2012
• 11 April 2012 - Civil: Kuban Airlines' debt dispute with Vnukovo Airport drives confusion
• 23 March 2012 - Civil: Deripaska's group seeks to sell Kuban Airlines
• 10 January 2012 - Civil: ILFC pressures Vladivostokavia on debts
• 9 January 2012 - Civil: Kuban Airlines keeps flying from Vnukovo Airport, for now
• 6 December 2011 - Civil: Avianova settles debt with ILFC
• 30 September 2011 - Civil: ILFC goes to court over AviaNova lease arrears
• 29 August 2011 - Civil: Reports state that ILFC is seeking to recover two AviaNova aircraft
• 15 August 2011 - Civil: BasEl merges Sky Express into Kuban Airlines
• 4 April 2011 - Civil: Reports say single Armavia A319 has been recovered by ILFC
• 14 December 2009 - Civil: KrasAir assets offered at a third auction in as many months
• 19 October 2009 - Civil: Sale of KrasAir's assets realizes poor pickings
• 17 July 2009 - Civil: Samara Airlines' liquidation ordered by court
• 25 July 2006 - Civil: Vladivostok Avia takes A-320s from ILFC
• 22 October 2003 - Civil: ILFC deliver Boeing-737-500 to Belavia

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