Homburg Canada Inc. is suing I.M.P. Group Ltd. over an airplane sale and charter agreement.
The Dartmouth-based real estate company alleged in an application filed in Nova Scotia Supreme Court that Quebec-based I.M.P. subsidiary Execaire failed to live up to a charter agreement involving an aircraft it sold to Homburg in 2006 for $11 million.
Homburg alleged the charter agreement was an inducement to buy the plane but claimed that Execaire’s underuse of the aircraft cost Homburg $1.1 million in charter revenues.
Homburg is seeking damages, interest and costs.
I.M.P. has contested the application.
None of the allegations have been proven in court.
A tentative hearing date on the matter has been set for Oct. 9-11, 2012.
http://thechronicleherald.ca
http://thechronicleherald.ca
No comments:
Post a Comment