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German bank gets approval from High Court to wind up Irish jet units

Nord LB petitioned court over debts worth $60m owed by Irish firms

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Victoria Peak Aviation's 15-year-old Boeing 737-800 is leased to China’s Hainan Airlines and most recently had been in use by its Lucky Air subsidiary

Victoria Peak Aviation's 15-year-old Boeing 737-800 is leased to China’s Hainan Airlines and most recently had been in use by its Lucky Air subsidiary

Victoria Peak Aviation's 15-year-old Boeing 737-800 is leased to China’s Hainan Airlines and most recently had been in use by its Lucky Air subsidiary

One of Germany’s biggest banks has successfully petitioned the High Court to have three Ireland-based companies controlled by aircraft leasing giant Carlyle Aviation wound up in a dispute over $60m (€59m) in loans.

Germany’s Nord LB asked the High Court to wind up the firms in the spring, and the petitions have now been granted. Anne O’Dwyer and Declan Taite of professional services firm Kroll have been appointed joint liquidators.


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