After a lower court rejected its lawsuit against Euralair S.A. last month, Belgium’s Flying Group has appealed to a Paris court charging Euralair failed to comply with its commitment to assign the business assets of its Euralair Airport Services FBO (EAS) to Flying Group, which has included it in its plans to set up operations at Paris Le Bourget Airport.
Paris Le Bourget FBO Euralair Airport Services (EAS) has renewed a five-year agreement to remain in the Exxon Mobil Avitat network until 2010. The French company is also preparing to move into new premises at Le Bourget as part of a deal with Belgium’s Flying Group, which will be taking over and rebuilding its existing facility.
After months of negotiation, the Flying Group has obtained approval from the board of directors of Aeroports de Paris to convert the short-term lease at Euralair Airport Services to a long-term lease for 25 years.
The Flying Group will have a full-fledged base of operations at Le Bourget and will also be able to invest in new facilities and develop its business aviation activities at the airport.
European business aviation service companies Flying Group and Euralair are squaring off for a legal battle over a proposed takeover that appears to have gone sour.
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.
The Paris appeals court has rejected Flying Group’s appeal over its claims that the Euralair group reneged on a deal to sell the assets of its Le Bourget Airport FBO, Euralair Airport Services (EAS). The appeals court upheld an earlier ruling by the Bobigny commercial court that had dismissed the Belgian group’s claims and ordered that Flying Group pay Euralair $37,000 (€30,000) for an “abusive procedure.”