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Aryana Airlines accused of not paying amount for the aircraft it leased

Aryana Airlines accused of not paying amount for the aircraft it leased

Nov 02, 2017 - 14:39

KABUL (Pajhwok): Financial depute has surfaced between The UBC Investments and AAA after the foreign company accused the national carried not responding to them for discussion on related issue of the contract inked between the two sides last month.

A Boeing passenger aircraft leased by the Aryan Afghan Airline (AAA) from Scotland-Ukranina Company was present on the Afghan territory, according to the company.

A reliable government sources said the Boeing 737-500 was handed over by UBC Investments on lease to the national carrier AAA on October 15 this year, a trusted government sources told Pajhwok Afghan News.

The contract was signed between Hameedullah Zazai, deputy operation captain, of AAA and an authoritative representative of the UBC Investments for six months.  

The transaction for the deal was performed through e-mail between the two sides and official of the AAA signed the copies of all documents.

The AAA Head Nader Umar had asked the Deputy Financial Director Ahmad Shah Ahmadzai to sign two cheque of $350,000 but Ahmadzai refused to issue the orders on copies of documents. Umar then order the finance department to issue the directives so the money could be transfer to the account of foreign company.

The source confirmed AAA transferred $150,000 and $350,000 to the account of UBC Investments on 18th and 19th October but the foreign company rejected receiving the amount.

Senior Advisor of the AAA Munir Ahmad Elyad said the money had been transferred to the account of individual who was tasked to negotiate and signed the agreement.

He said more detail could not be disclosed until the investigation into the matter is not completed.

The UBC Investments in a statement said the Aircarft was duly accepted by AAA. The Airlines as the Lessee is obliged to make respective payments at the amounts and terms stipulated by the Agreement.

It added, in October, 2017, AAA (the Lessee) - the state company and national carrier of the Republic of Afghanistan, on its own initiative entered into the lease agreement for Boeing 737-500 (the Aircraft) with the Company UBC Investments L.P.( the Lessor).

“At present moment the Aircraft is located on the territory of Afghanistan which confirms that UBC Investments L.P. as the Lessor  has already performed its contractual obligations at the initial stage of the Agreement.”

However, at present date, the respective payments have not been received by UBC Investments L.P., which is confirmed officially by the Lessor`s bank

Now the crew and the Aircraft became like the hostages on the territory of Afghanistan in this situation. The crew members of the Aircraft have been informed that the aircraft have been detained by AAA until the situation will be resolved with payment.

At the same time, AAA did not reply on Lessor’s phone calls, emails and Skype. Also, there was no feedback on the offer to meet personally for discussion of all actual issues that is considered as the absence of intention to enter into negotiations for reaching of mutually agreed solution from the side of AAA.