Key Russian Air Cargo Customer Sues Boeing Over Widebodies, Highlighting How Coronavirus Shifted Market
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May 30, 2020 - by Dominic Gates for seattletimes.com
The latest Boeing 747-800 Model
A lawsuit filed in Seattle this week reveals damaged relations between Boeing and an important customer for its largest cargo jets.
The legal complaint has a weird twist: Russian cargo carrier Volga-Dnepr alleges that it has a binding contract to take four widebody aircraft worth more than $600 million at standard pricing and has the money to pay for them — but that Boeing refuses to deliver the jets.
"Boeing seeks to sell them to another buyer instead, while at the same time wrongfully retaining tens of millions of dollars that plaintiff has already paid to Boeing," Volga-Dnepr alleges in the complaint, which later pegs the money it has already paid at more than $146 million.
One could expect some tense negotiations...
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