Plane-leasing companies are pursuing damages from Flair Airlines, alleging failure to comply with rental payments and ignoring default notices. Filed in Ontario court, the countersuit for $30.9 million follows Flair's own $50-million lawsuit against Airborne Capital. Flair claims the leasing firms conspired to default the airline while denying them notice of seizures, which disrupted operations. The lessors assert that Flair regularly missed payments, justifying their actions, and that they aimed to protect the aircraft's value by executing seizures at night to minimize passenger disruption.
Plane-leasing companies have filed a countersuit against Flair Airlines for $30.9 million, claiming the carrier failed to make timely rental payments, prompting aircraft seizures.
Flair Airlines alleged that leasing companies had 'secretly' arranged a better deal for aircraft that set them up for default, resulting in significant flight cancellations.
The lessors argue that Flair's claims of unlawful seizure are unfounded, stating they had made regular contact regarding payment obligations and were protecting their assets.
Seizures occurred in the middle of the night to avoid disrupting operations during peak hours, as Flair's actions were seen as an attempt to recover losses from its own defaults.
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