The Export Development Canada (EDC) has asked the Economic Financial and Crime Commission (EFCC) to stop interference in the sales of its mortgaged aircraft by JEM Leasing, the owner. EDC
June 17, 2023 8:00 AMThe Export Development Canada has asked the Economic Financial and Crime Commission to stop interference in the sales of its mortgaged aircraft by JEM Leasing, the owner.The aircraft, CRJ 1000, is a twin-engined regional airliner with a capacity of 100 passengers.it removed the CRJ 1000 aircraft from its fleet, due to the decision of JEM Leasing Limited, the owners of the CRJ 1000, and its financiers to sell the aircraft.
In a letter addressed to the commission, and seen by TheCable, EDC said it financed, in part, Jem Leasing’s acquisition of the aircraft; and became the mortgagee as a condition to the financing.We confirm the veracity of the statements set out in the owner’s letter, including that the owner has entered into an agreement with Alberta Aviation Capital Corp to sell the aircraft to the buyer,” EDC said.
“As stated in the owner’s letter, any interference action by Arik, or any other person, which impedes the buyer’s access to the aircraft, or any of the other steps, matters, processes or transactions, will constitute improper interference with the owner’s rights in respect of the aircraft,” EDC said.
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