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Air Berlin Wins Legal Case Against Isavia

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The Reykjanes District Court has ruled in favor of Air Berlin’s insolvency administrator in a legal case against Isavia, Iceland’s airport operator. The decision allows the administrator to confiscate assets worth over $1.1 million, stemming from a dispute over an aircraft impounded at Keflavík Airport in 2017. The ruling represents a significant victory for Air Berlin’s creditors, as the funds recovered will contribute to…

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South Korea’s Supreme Court Holds Eastar Jet Liable for Failed Merger with Jeju Air

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The Supreme Court of South Korea has ruled that Eastar Jet is responsible for the collapse of its merger with Jeju Air, ordering substantial damages to be paid to Jeju. According to the court’s decision, Eastar Jet must pay Jeju Air 10 billion Korean won, and Daedong Investment, another involved party, is required to pay…