The Arbitration Institute of the Stockholm Chamber of Commerce heard a dispute between Air Lituanica and Estonian Air regarding unilateral termination of commercial co-operation agreement.
"Air Lituanica"
© DELFI / Šarūnas Mažeika

The arbitration ruled in favour of Air Lituanica airlines, while Estonian Air will have to pay LTL 3.3 million (EUR 0.9 million) to the Lithuanian company.

On 4 December 2013 Air Lituanica initiated arbitration proceedings against Estonian Air. After the Estonian company unilaterally terminated commercial co-operation agreement it remained in debt to Air Lituanica for the passengers that Air Lituanica had transported and deposits it had paid.

The decision to launch proceedings was made after Estonian Air refused to cover the debt after terminating the contract, thus breaching its terms.

It is forbidden to copy the text of this publication without a written permission from ELTA.

Lithuania to step up visa issuance for foreign startups

Lithuania will start issuing visas to businessmen establishing startups in the country faster as of...

Lithuania's aviation group buying UK's charter airline

Avia Solutions Group , an aviation group owned by Lithuanian businessman Gediminas Ziemelis , is...

Training center to replace old correctional facility in Vilnius

The demolition of an unused complex of buildings that used to house a correctional facility will...

120 million EUR will be provided for European beekeepers

The European Commission will provide €120 million to the EU's beekeeping sector over the next...

Court: Lithuanian companies don’t have to pay million-worth fine to Serbia

Arvi , a Lithuanian fertilizer, fodder, sugar and turkey meat production group owned by businessman...