Clifford Chance

A Greek Tragedy: ACG v Olympic Airlines - English Court finds in favour of Operating Lessor; Airline bound by Certificate of Acceptance

30 April 2012

Judgment has been handed down on the long-awaited case, ACG Acquisition XX LLC v Olympic Airlines (in special liquidation) [2012] EWHC 1070 (Comm), involving the delivery condition of an aircraft leased by ACG to Olympic, the effect of a signed certificate of acceptance and the airline's absolute and unconditional obligation to pay rent.

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