Air Lease Corporation et al v. Far Eastern Air Transport Corp.,
| ALC B378 37772, LLC, ALC B378 41345, LLC and Air Lease Corporation |
| Far Eastern Air Transport Corp., |
| 2:2016cv05601 |
| July 27, 2016 |
| US District Court for the Central District of California |
| John E. McDermott |
| Michael W. Fitzgerald |
| Contract: Other |
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Filing
328
JUDGMENT AFTER TRIAL by Judge Michael W. Fitzgerald. IT IS HEREBY ORDERED, ADJUDGED AND DECREED that judgment on the merits be entered as follows: As to all remaining claims and counterclaims, judgment is entered in favor of Plaintiffs and against Defendant. Judgment is entered in favor of Plaintiffs and against Defendant in the amount of $23,374,200. (iv)
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Filing
327
FINDINGS OF FACT AND CONCLUSIONS OF LAW signed by Judge Michael W. Fitzgerald.ALC's total damages award is $23,374,200: (a) $14.6 million for breach of the MSN 41345 Lease, which represents the difference in value between the Far Eas tern and SpiceJet leases on a discounted basis. (b) $800,000 in transition cost damages for breach of the MSN 41345 Lease. (c) $37,100 in remarketing expenses for breach of the MSN 41345 Lease. (d) $6.6 million for breach of the MSN 37 772 Lease, which represents the difference in value between the Far Eastern and SpiceJet leases on a discounted basis. (e) $1.3 million in transition cost damages for breach of the MSN 37772 Lease. (f) $37,100 in remarketing expenses for breach of the MSN 37772 Lease. (iv)
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