newstodate.aero
Nov 17, 2014 (newstodate): Sweden's Stockholm Arbitration Court has now announced its verdict in the case between Estonian Air and Air Lituanica, filed in December 2013 after the two airlines ceased their cooperation.
The court has found that Estonian Air was in its full rights to abrogate the cooperation but that it must still repay Air Lituanica for tickets sold and not reimbursed.
Air Lituanica must however also repay a substantial sum to Estonian Air to compensate for damages.
In June 2013 Air Lituanica signed an agreement extending till the end of 2015 to wet-lease an Embraer E170 aircraft from Estonian Air.
In addition to aircraft lease, Estonian Air was also to provide a range of commercial services like sales of tickets on point-to-point and connecting flights, revenue management, interline and code-share agreements.
The cooperation was however abruptly abrogated on November 28, 2013.
The court has found that Estonian Air was in its full rights to abrogate the cooperation but that it must still repay Air Lituanica for tickets sold and not reimbursed.
Air Lituanica must however also repay a substantial sum to Estonian Air to compensate for damages.
In June 2013 Air Lituanica signed an agreement extending till the end of 2015 to wet-lease an Embraer E170 aircraft from Estonian Air.
In addition to aircraft lease, Estonian Air was also to provide a range of commercial services like sales of tickets on point-to-point and connecting flights, revenue management, interline and code-share agreements.
The cooperation was however abruptly abrogated on November 28, 2013.