Air France Breached $11M Deal For Aviation Co., Suit Says

Law360, Miami (February 24, 2014, 4:34 PM EST) -- A Miami-based company sued Air France Industrie US Inc. in Florida state court Thursday, claiming that it failed to pay the full $11 million agreed upon for its sale of an interest in an aviation maintenance, repair and overhaul services company.

Plaintiff AT Holdings LLC says that after making an initial, upfront payment of $7 million and one interest payment toward its 2011 agreement to acquire the company's 18.21 percent membership interest in Aero Maintenance Group LLC, Air France said it would not be making any...
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