GlobeAir hopes to resolves Star Fly legal battle
Star Fly pressed charges against Globe Air, claiming the Austrian company had breached its contract involving five Mustangs.
GlobeAir, an Austrian private jet operator, is seeking a quick, legal resolution to its conflict with Star Fly CJM 1 Ltd in Ireland, which took action to recover five Cessna Citation Mustang business jets leased to the company worth over $9 million.
Star Fly developed a relationship with GlobeAir in March 2011. According to The Irish Times, Star Fly terminated the contract in November 2013 – alleging that GlobeAir had breached the agreement – and sought legal action to recover the Austrian-registered aircraft.
Bernhard Fragner, CEO of GlobeAir, told Corporate Jet Investor that the two companies have met twice in London in the last week and GlobeAir is now seeking to resolve the conflict with a cash deal, as it continues to operate the Mustangs in Europe.
“We have both hired London lawyers and there is a good atmosphere,” says Fragner. “We hope to resolve things in the next two to three weeks.”