NORTH AM. AIRLINES, INC. v. WILMINGTON TRUST CO.

7314, 602985/09.

171 A.D.3d 616 (2019)

99 N.Y.S.3d 32

2019 NY Slip Op 03133

North American Airlines, Inc., Respondent, v. Wilmington Trust Company et al., Appellants.

Appellate Division of the Supreme Court of New York, First Department.

Decided April 25, 2019.


Plaintiff alleges that defendant, the owner trustee of a trust holding a Boeing 767 airplane, breached a contract governing the lease of the airplane by refusing to reimburse it for necessary maintenance work and repairs to one of the airplane's engines. Plaintiff also alleges that defendant wrongfully drew money under a letter of credit funded by plaintiff in lieu of a security deposit minutes before it was to expire. Defendant alleges that plaintiff breached the lease by...

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