According to the documents – according to Reuters – that the plaintiff, Alif Segregated Portfolio, to lease aircraft in accordance with the provisions of Islamic Sharia law, may request in its invitation at least $ 460 million in maintenance costs and unpaid rental value.
The documents – which were reviewed by Reuters – showed that “Alef” is also asking for compensation and other costs.
The London High Court told the agency that the lawsuit had been filed but that the defendant (Saudi Arabia) had not yet recognized it.
On the other hand, Saudi Airlines said in a statement to Reuters that it would abide by its contractual obligations, and that it was ready to defend itself against “inaccurate allegations.”
She declined to comment on specific details about the allegations brought against her, but said that 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,” according to Reuters.
According to “Reuters”, Airbus had announced the deal of “Alef” and “Saudi Airlines” during the Paris Air Show in 2015, as the largest air aviation deal featured through Islamic financing, and the value of the 50 aircraft, which represent a third of the Saudi Airlines fleet, About $ 8.2 billion when the deal is announced.
Alif claims in the documents that Saudi Arabia has failed to pay the basic rent after seeking to reduce its payments, and has engaged in “unauthorized and undeclared engine and parts swaps.”
Saudi Arabia has been struggling since the Coronavirus pandemic caused the global aviation recession. Saudi Arabia suspended flights in March before resuming domestic flights in May, while resuming international flights only recently, including to cities in the Middle East, Asia, Europe, Africa and the United States.
But Saudi Airlines does not expect flights to return to normal until the end of the year, and according to sources, aviation was one of the industries most affected during the epidemic, which prompted airlines in the region – including Emirates Airlines – to cut thousands of jobs.
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