On court proceedings against UAB “GetJet Airlines” regarding charter flights agreement
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
AB Novaturas (the Company) notifies that a counterclaim of UAB “GetJet Airlines” (GetJet) submitted against the Company regarding the circumstances related to the performance of the charter flights agreement of 3 December 2018 was served on the Company on 9 March 2021.
The counterclaim was submitted in the civil case initiated by the Company against GetJet, where the Company had submitted a statement of claim for GetJet. The Company requests to declare that the performance of the charter flights agreement was affected by force majeure circumstances emerged due to COVID-19 (SARS-COV-2) pandemic across the world in 2020 or by the substantially changed circumstances, therefore the charter flights agreement was not performed in full. Since the charter flights agreement was terminated during the examination of the case, GetJet asks to declare that the contract was terminated unlawfully and to award penalties. The Company does not agree with the counterclaim submitted by GetJet.
About “Novaturas” Group
AB “Novaturas” Group is the largest tour operator in the Baltic States, offering summer and winter package holidays in more than 30 destinations worldwide and more than 100 sightseeing routes. In 2019, the group served more than 293 thousand customers.
CFO
Tomas Staškūnas
tomas.staskunas@novaturas.lt,
+370 687 10426
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- GridGain Offers Sneak Peek at Featured Speakers for First Ignite Summit
- OpenGate Capital Portfolio Company SMAC Completes Sale of Skydôme and Essemes Services Businesses to Kingspan Light + Air
- Proactive news headlines including Pharmaxis, Paradigm Biopharmaceuticals, OAR Resources and Matador Mining
Create E-mail Alert Related Categories
Globe Newswire, Press ReleasesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!