United Sues Gulfstream over Avolar Deposits

[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

 



..ya..like it was Gulfstream's fault for UA dreaming up such a stupid idea
such as their Avolar crap.

..but I guess it doesn't hurt to try.

Walter
DCA

UAL Corp., on behalf of its now-defunct United Bizjet Holdings business
aviation unit, filed a lawsuit late last month in Chicago Cook County
Circuit Court to regain more than $50 million in deposits the company said
it paid Gulfstream for a firm order for 36 GIV-SPs and GVs and options for
63 more. The jets, which had been slated to join UAL’s Avolar fractional
program, were never delivered. Gulfstream would not comment on the suit, but
previously said it intended to keep the deposits, possibly until it had
successfully resold the airplanes. UAL charged that rather than assist
United Bizjet Holdings with an “orderly shutdown,” Gulfstream is attempting
to cancel the agreements for sales contracts requiring the company to refund
the deposits. A spokesman for Dassault Falcon Jet said it has reached a
"fair settlement" with UAL on the contract for a firm order for 46 Falcons
intended for Avolar. UAL had letters of intent but no firm orders with
Bombardier and Raytheon Aircraft. Avolar operated only three months before
shutting down in March, after it was unable to secure outside investment
money.

[Index of Archives]         [NTSB]     [NASA KSC]     [Yosemite]     [Steve's Art]     [Deep Creek Hot Springs]     [NTSB]     [STB]     [Share Photos]     [Yosemite Campsites]