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Austrian Airlines v. UT Finance: Difference between revisions
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|facts=[https://www.austrian.com/us/en/homepage Austrian Airlines] Oesterreichische Luftverkehrs [https://www.investopedia.com/terms/a/ag-aktiengesellschaft.asp AG] ("Austrian") contracted to sell a used airplane to [https://www.rtx.com/ United Technologies] Finance Corporation ("UT"). In turn, UT planned to re-sell the used airplane. | |||
Between the time of the contract & the delivery date, the used-airplane market crashed. So, UT rejected Austrian's tender of the plane under the pretext that the plane's fuel tanks weren't approved by the [https://www.faa.gov/ FAA]. | |||
|case_text_links={{Infobox Case Brief/Case Text Link | |case_text_links={{Infobox Case Brief/Case Text Link | ||
|link=https://www.quimbee.com/cases/austrian-airlines-oesterreichische-luftverkehrs-ag-v-ut-finance-corp | |link=https://www.quimbee.com/cases/austrian-airlines-oesterreichische-luftverkehrs-ag-v-ut-finance-corp | ||
Revision as of 20:52, July 29, 2023
| Austrian Airlines v. UT Finance | |
| Court | Southern District of New York |
|---|---|
| Citation | 567 F. Supp. 2d 579 |
| Date decided | July 18, 2008 |
Facts
Austrian Airlines Oesterreichische Luftverkehrs AG ("Austrian") contracted to sell a used airplane to United Technologies Finance Corporation ("UT"). In turn, UT planned to re-sell the used airplane.
Between the time of the contract & the delivery date, the used-airplane market crashed. So, UT rejected Austrian's tender of the plane under the pretext that the plane's fuel tanks weren't approved by the FAA.
