26 Mar 2013
ACERNUS AERO LIMITED v VINCENT AVIATION LIMITED HC WN CIV-2012-485-113
- Citation
- openlaw-a9de30ee_fc56_4e87_9f51_c2c26d3655e9.pdf
- Court
- High Court
The arrangement between the parties was a bailment, not a lease or licence; Vincent was entitled to terminate the bailment on reasonable notice (which was given), there was no binding agreement that Vincent would place the aircraft on its AOC by a specific date, Acernus did not agree to the $7,000 monthly rate by conduct and quantum meruit was not established, and Acernus is liable for unpaid hangarage at the original rate and for agreed third party charges; claims for relief against forfeiture and lost charter revenue fail.