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Nigerian Government Seeks Arrest Warrant for Dana Air MD in $786,000 Fraud Case

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The Nigerian government has called for a bench warrant against Hathiramani Ranesh, the Managing Director of Dana Air, following his failure to appear before the Federal High Court in Abuja. The case involves allegations of fraud totaling $786,000 (approximately ₦1.3 billion), with the Nigerian authorities pushing for legal action due to Ranesh’s absence at scheduled court proceedings. This development reflects Nigeria’s increasing focus on holding corporate…

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Aquila Technics Refunds $40,000 to Utair for Undelivered Engines

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Aquila Technics, an Armenian company specializing in aviation parts and services, has refunded just over $40,000 to Utair, a Russian airline, for undelivered aircraft engines. This payment is part of an ongoing legal case between the two entities, wherein Utair sought a refund for engines that were not delivered as per the agreement. The court case has now been…