In the recent Court of Appeal case of Dubai Financial Group LLC v National Air Services Limited, the appellant, NAS, succeeded in having a default judgment set aside in respect of a dispute concerning a Gulfstream aircraft. The claim arose out of a purchase agreement for a 50% share in the aircraft, which agreement provided an option for DFG at any time after 36 months to require NAS to repurchase the share for a fair market value, provided that no material default by DFG ha

The announcement this week that Air Canada has signed a letter of intent with Bombardier to purchase as many as 75 of the new C-series aircraft is welcome news for the aerospace company, coming as it does on the back of disappointing end of year results and the announcement of 7,000 job losses across the Bombardier group worldwide. Over the next two years, more than 1,000 jobs are set to be lost from Bombardier’s manufacturing facility in Belfast, where the wings for the C-s