Dublin-based aircraft lessor claims Greek airline owes it more than $73m

The lessor is further claiming Olympus owes it $60 million plus continuing interest for alleged unpaid rent from the termination of the lease agreements in December 2021.

On Monday, Mr Justice Denis McDonald admitted the case to the High Court’s fast-track commercial division on the application of James Doherty SC and Niall Ó hUiginn BL. The firm says this move has exposed it to the risk the cost of repairing the Airbus and the risk that the Turkish authorities will dispose of the aircraft for a fraction of the amount it was purchased for.

Airwork Fixed Wing says its claim arises on foot of an aircraft, crew, maintenance and insurance agreement from May, 2021. It says Olympus agreed to sublease one of the Boeings for cargo and mail transportation.

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