Battle Continues for FBO Facility at Le Bourget

Aviation International News » July 2006
September 14, 2006, 11:17 AM

Flying Group has lodged an appeal in Paris after a lower court rejected its complaint against the Le Bourget-based Euralair group in April. The Antwerp, Belgium-based group claimed Euralair failed to comply with its commitment to hand over the business assets of its FBO, Euralair Airport Services (EAS), as part of its plans to expand its operations at the Paris business airport.

Euralair owner Alexandre Couvelaire told AIN that the Bobigny commercial court had “dismissed Flying Group’s claims against Euralair aimed at enforcing the sale by EAS of its FBO business.” A Flying Group spokes- man told AIN that an appeal would go ahead as a “question of honor.” He said the planned takeover had “got EAS out of big financial trouble as the deal also included the company’s debts. The April judgment is unfair as we paid EAS a lot of money and the judge is now allowing it to
be our competitor.” The hearing has been set for the middle of this month.

He said that the protocol agreement with Couvelaire assigned the Belgian company EAS’s business assets and its existing infrastructure but that Couvelaire refused to hand them over despite having confirmed that an agreement was in place on this matter.

Couvelaire said the agreement to sell EAS’s Le Bourget premises to Flying Group had gone ahead but he had not signed a final agreement to sell the FBO business. The Flying Group spokesman acknowledged that some changes had been made to the original deal but said these were “minor and could have been resolved through communication."

FILED UNDER: 
Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.

 
X