vietjet-fw-lawsuit
This page collects all reporting on the legal dispute between Vietjet and FW Aviation, which began in 2021. The case involves aircraft leasing contracts, delivery delays, and alleged breaches of agreement.
Aviation: VietJet faces US$181.5 million payout as UK court denies delay request
A London High Court has ordered VietJet Aviation JSC to pay US$181.5 million to aircraft lessor FW Aviation, rejecting the airline’s request to delay payments and ruling it has the means to comply, Bloomberg has reported. The decision follows a prolonged legal battle stemming from VietJet’s default on lease payments for four Airbus aircraft during the pandemic.
Aviation: VietJet Vietnam stock market disclosure skims over latest court ruling, puts focus on appeal
In a release to the Ho Chi Minh City Stock Exchange, Vietnamese budget airline, VietJet, has acknowledged a ruling last week in the UK courts. It has not, however, detailed what happened or how it might respond but rather has suggested an appeal in the originating case will be won, negating last week’s ruling. That ruling was that the airline is liable for just over US$180 million in missed lease payments.
VietJet found liable for US$181.8 million in UK court aircraft leasing dispute
The High Court of England and Wales has ruled in favour of FW Aviation, ordering VietJet Aviation to pay more than US$181.8 million in a dispute over four aircraft that VietJet failed to return after their leases were cancelled. The court upheld FW Aviation’s right to full termination payments and possession of the aircraft, rejecting VietJet’s penalty clause and title-based defences, according to the decision handed down by the court.
UK court grants anti-suit injunction against Vietnam’s Vietjet
The UK’s Commercial Court has granted anti-suit injunctions to banks BNP Paribas and Natixis against Vietjet with respect to court proceedings Vietjet had intended to pursue in Vietnam. The banks had previously held lease agreements with the airline with respect to several aircraft, lease agreements Vietjet defaulted on. The banks had pursued, and been awarded the injunctions, on the grounds that the agreements with Vietjet specifically assigned the UK courts jurisdiction over any dispute between the parties.
Vietnam’s Vietjet faces new legal action from original lessors in FW Aviation lawsuit
This adds to a growing list of legal action against the airline in recent years. This includes filings with the UK courts from SAF Leasing and Avolon Aerospace in May this year, a judgement in another lawsuit brought by Djinn Issuer mostly in favour of the claimant in October of 2023, and another brought by AWAS 6696 Ireland limited in May of 2023…
The VietJet UK Court Ruling for Foreign Firms in Vietnam: Unpacked
For almost two years VietJet has been in a protracted legal battle with Fitzwalter Aviation. In July, however, it came to an end–pending an appeal–when a UK court handed down a ruling in favour of Fitzwalter. This article looks at what happened and how it played out in court, as well as what might happen next.
UK court finds against Vietnam’s Vietjet in leasing dispute from 2021
A court in the UK has found that FitzWalter Aviation Holdings, which had a leasing agreement with Vietnam’s Vietjet, had the right to cancel said lease back in 2021. Vietjet had argued that the lease termination was illegal and had refused to allow four aircraft to be repossessed. The judgement
Vietnam’s legal argument for not returning four ex-Vietjet planes
This analysis of a dispute between foreign aircraft lessor, Fitzwalter Capital Partners, and Vietnam’s Vietjet, in which Vietjet failed to return four planes after a lease agreement was terminated, goes into the legal argument for keeping the aircraft in Vietnam. Specifically, the article states that when the ownership of the
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