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Israir settles dispute over impounded aircraft

Israir says that EuroAtlantic is withdrawing its request to the Portuguese authorities to hold the Airbus A320.

Israir - Airbus A320-232 - Tel Aviv Ben Gurion - 4X-ABG

Israir Airlines and Tourism Ltd. CEO Uri Sirkis has reached an agreement with EuroAtlantic chairman Tomaz Metello regarding the eight year legal dispute between the carriers over an aircraft leased to Israir. Sirkis flew urgently to Lisbon yesterday to settle the dispute after one of its Airbus A320 aircrafts was seized by the Portuguese authority and he and Metello “immediately ended the legal dispute, ” an Israir statement said… [READ MORE]

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Published by Globes [online], Israel business news – www.globes-online.com

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