9 Hrs
Source:
الاقتصادية
easyJet sued for $72M over Airbus jets
Sure! Here's the translation into English, maintaining the tone and meaning: --- Low-cost airline "easyJet" faced a lawsuit demanding over $72 million in compensation following its termination of leasing contracts for six Airbus aircraft after sanctions were imposed on Russia. The lawsuit was filed by "STL Europe Ltd," an Irish subsidiary of a Russian-owned state company. The claimant explained that "easyJet" terminated the lease agreements in April 2022 as a result of European sanctions that halted maintenance and repair operations for the aircraft stranded in Spain and Cyprus. The leasing company argues that "easyJet" was not entitled to end the contracts in this manner, pointing out that the aircraft were outside of Russia, and that the leasing entity is registered in Ireland. The company is seeking $36.7 million for unpaid rents, $32.5 million in compensation for the reduced value of the aircraft, and 2.8 million euros for airport fees, with the possibility of additional claims. This case is part of a series of aviation industry disputes following sanctions on Russia, which have caused significant difficulties in recovering or selling aircraft that are grounded or owned by Russian entities.
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