Reuters reported that court documents showed that Saudi Airlines is facing a lawsuit in London’s High Court, filed against it last month by a Dubai-based financial services company.
The report indicated that the case related to “an alleged violation of the agreements to lease 50 Airbus aircraft.”
He added, “The plaintiff, which is the (Alef) aircraft leasing company in accordance with the provisions of Islamic Sharia, may request in its invitation at least $ 460 million in maintenance costs and unpaid rent according to the company’s claim in the lawsuit.
For its part, Saudi Airlines said it was “ready to defend itself against inaccurate allegations.”
She said, “The litigation procedures have not yet started,” noting that she is currently in discussions with the landlord to resolve contractual disputes, and that “common sense will prevail in the end.”
Airbus announced the deal for Alef and Saudi Airlines during the Paris Air Show in 2015, as the largest air deal concluded through Islamic finance.
Source: “Previously + Reuters”
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