Concise Aerospace - Court rules in favor of leasing company in its lawsuit against AK Bars Aero

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Court rules in favor of leasing company in its lawsuit against AK Bars Aero

Published 22 October 2014

AK Bars Aero and its owner must pay $4.4 million (484 words)

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Article ID: 11998

• 18 May 2015 - Civil: New airline based in Tatarstan Republic applies for an AOC; it hopes for first flights in the summer of 2015
• 2 February 2015 - Civil: AK Bars Aero is put under temporary management
• 15 January 2015 - Civil: FAVT suspends AOC of AK Bars Aero at the company's request
• 4 July 2014 - Civil: Court hearings are postponed until 22 July 2014 in leasing company's lawsuit against AK Bars Aero
• 1 April 2014 - Civil: AK Bars Aero creates a subsidiary for business aviation
• 1 April 2014 - Civil: AK Bars Aero will not operate any Airbus 319 of Tatarstan Airlines
• 22 October 2012 - Civil: ILFC sues Basic Element for $5.7 m over leasing of three B737 to Kuban Airlines
• 6 July 2012 - Civil: Court stops bankruptcy case against UTAir after it pays a debt to Avialeasing
• 11 June 2012 - Civil: UTair is in a bitter court dispute with Perm-based Avialeasing

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