The High Court has refused an application for summary judgment on a claim for unpaid rent for a leased aeroplane which was not airworthy. In ACG Acquisition XX LLC v Olympic Airlines SA (2010) (unreported), the lessor, ACG, applied for summary judgment against Olympic after the airline stopped paying rent on a Boeing 747 that it had leased for a period of five years. Olympic ceased rent payments after corroded spoiler cables meant that the plane had to be taken out of service just......
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