So you think Airborne treated Flair poorly!co-joe wrote: ↑Tue Mar 14, 2023 3:06 pm If you were looking to lease aircraft as a start up airline, would you do business with a relatively new entrant to the aircraft leasing market knowing this is how they would treat you? Airborne or whatever the hedge fund is calling themselves have just sent a pretty clear message what they are going to be like to go into business with.
“Airborne Capital strongly rejects the allegations that have been made by Flair Airlines in recent days in relation to four Airborne-managed aircraft," the statement says, adding the leases were terminated after Flair was regularly late on its leasing payments for a five-month period.
"Terminating an aircraft lease is always a last resort, and such a decision is never taken lightly. In this case, following numerous notices to Flair, it again failed to make payments when due and Airborne took steps to terminate the leasing of the aircraft."
Airborne said it has legal obligations to mitigate the losses on the planes, and has taken steps to meet those obligations.
The company said it would not be speaking further on the matter.”