Air India wins major arbitration case against US-based airline Dynamic

In a major victory for government-owned Air India, the airline won an arbitration case against US-based air charter company Dynamic International Airways, putting an end to a more than three-year-old legal tussle between the two parties. The order given by arbitrator, former Comptroller and Auditor General P Sesh Kumar will require the US-based charter operator to pay an amount of around Rs 65.71 crore to the national airline.

The arbitrator has also rejected Dynamic Airways’ counter claims of Rs 108.45 crore from Air India.

Air India now plans to move the US judiciary so that the order can be enforced under the laws of United States. Since Dynamic is a US-based company, it is necessary that the hearing is done in US courts under the United States Convention on the Recognition and Enforcement of Foreign Arbitral Awards, 21 U.S.T 2517.

Credits:business-standard.com

TagList:

Leave a Reply

Your email address will not be published. Required fields are marked *