What’s going on here?
London’s High Court has ordered VietJet to pay $181.8 million to FW Aviation, a subsidiary of FitzWalter Capital, over a lease dispute involving several Airbus A321 planes.
What does this mean?
VietJet, Vietnam’s top budget airline, found itself in legal trouble with FW Aviation over unpaid rents for aircraft grounded by pandemic travel restrictions. The dispute centered on FW Aviation’s claim that VietJet owed money despite the aircraft being repossessed. Even with…