VietJet to pay lessor US$250mil after court-ordered asset freeze, sources say
The Star Malaysia · Julie Zhu ·
Airline to settle legal dispute over four leased planes, sources say after British court orders had restricted VietJet's dealings in assets outside Vietnam.
SINGAPORE/HANOI (Reuters): Vietnamese airline VietJet plans to pay about $250 million in the coming days to settle a legal dispute over four leased planes, said two people familiar with the matter, after British court orders froze its dealings in assets outside Vietnam.
The Vietnamese government encouraged a swift resolution and instructed the low-cost carrier to pay lessor FW Aviation, part of London-based investment firm FitzWalter Capital, the people said.
VietJet lined up funds earlier this week and aims to complete the payment by November 13, the date of a London court hearing at which additional sums owed by the airline may be determined, said one of the people.
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