Virgin Australia has won its appeal in the Australian High Court against US aircraft lessors Wells Fargo and Willis Lease Finance, after refusing to spend $500,000 delivering four aircraft engines to Florida. When the airline entered administration in April 2020, lessors sought to recover the engines, which the administrators agreed but refused to pay to transfer the engines back to US soil. Although Wells Fargo and Willis Lease Finance collected the engines from Australia, they launched a legal challenge in the Federal Court to determine if Virgin was under any legal obligation to pay for the delivery of the repossessed

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In