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Saturday, May 27, 2017

Plane Speaking Judge Rips Aircraft Firm’s Cash Stockpile

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A airplane leasing company with no airplanes that socked away $190 million it was supposed to return to its lenders was called out Friday by a New York federal judge who said the business had no right to hoard the cash based on an “imagined” Brazilian legal risk and other “vague and conclusory” obligations.

May 27, 2017 at 06:25AM

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