Vietjet wins appeal in $250m aircraft lease dispute in London

In Vietnam, a private low-cost airline is embroiled in a significant legal battle concerning aircraft leases. The airline, Vietjet, is facing a potential compensation claim of up to $250 million from FitzWalter Capital Limited, a London-based investment firm. The dispute revolves around complex leasing agreements known as Jolcos, which involve a combination of equity from Japanese investors and debt from banks. The issues arose when four Airbus A321 aircraft leased by Vietjet were grounded during the pandemic, leading to complications in the lease agreements. Vietjet has recently secured the right to appeal the court's decision, indicating that the case will continue to unfold in the legal system. This situation highlights the challenges faced by airlines in the wake of the pandemic and the intricate nature of international aircraft leasing agreements.