Justice Orders Compelled Takeover of Plane Leased by Avianca Brasil

RIO DE JANEIRO, BRAZIL – The Court docket of Justice has ordered the pressured takeover of seven plane leased by Oceanair Linhas Aéreas (Avianca Brasil).

The plane belong to Airbus Monetary Companies Restricted and had been leased since 2011. Since final 12 months, nonetheless, in line with the petition submitted by Airbus to the courts, the airline has ceased to pay the leases and different contractual burdens.

Avianca’s debt, in line with Airbus, now exceeds US$40 million (R$160 million). In early September, the courts ordered the corporate to return the plane inside a interval of as much as 5 days.

As this has . . .

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