Gama Aviation FZC v Bin Otaiba Investment Group
The Agreement was not validly terminated by BOIG's 24 March 2022 email as it failed to comply with contractual notice requirements. GAF was entitled to recharge all maintenance and parking costs under the Agreement, provided they were reasonable and in accordance with industry practice. GAF complied with reporting and budgeting obligations. GAF validly exercised a contractual lien over the Aircraft. BOIG's counterclaim for wrongful detention and losses failed as GAF acted within its contractual rights and BOIG's non-engagement caused the delay.
Source excerpt
- Contractual interpretation
- Lien
- Maintenance agreements
- Termination
- Interest on late payments
- Parking charges