Dynamic International Airways LLC launched a $97.7 million breach of contract lawsuit against Air India in New York Federal Court.
Air India sub-contracted Dynamic International Airways LLC (a/k/a Dynamic Airways or Dynamic) for the year 2013 and 2014 for carriage of holy pilgrims from India to Saudi Arabia round-trip.
Dynamic carried 47,976 passengers for Hajj 2014 and carried around 6000 passengers for Hajj 2013. Air India owes more than $8.8 million for Hajj 2013 and 2014. The complaint filed in the U.S. District Court for the Southern District of New York states that Air India has been using accounts reconciliation in bad faith in order to delay making any payments.
Due to long outstanding amounts, Air India decided that it does not want to continue its future business relationship with Dynamic. Dynamic had a reasonable expectation to collect revenues of around $42 million related to Haj 2015 and $42 million for Haj 2016. Because of Air India’s (anticipatory) breach of contract, Dynamic has lost expectation damages of not less than $84 million.
The case is Dynamic International Airways LLC v. Air India Ltd., Case No. 15-cv-7054(PKC), in the U.S. District Court for the Southern District of New York.
Rising production rates and the launch of new aircraft programs are driving increased demand for manufacturing capacity across the aerospace industry. To support this growth, FACC plans to i...
FL Technics Indonesia, the first MRO in Indonesia to be appointed as a GE Aerospace avionics support partner, has signed a service support agreement with GE Aerospace covering Boeing 737 and Airbus A3...
Etihad Airways has signed an interline agreement with Nigerian airline Ibom Air, enabling travellers to connect seamlessly beyond Lagos and Accra to five destinations across Nigeria on a single t...
A new travel industry coalition is urging EU policymakers to adopt a balanced and proportionate approach to biometric travel, ensuring passengers can benefit from secure and seamless journeys while ma...
