Aeolus Engine Services obtains court ruling in its case against Express Air Cargo

Aeolus Engine Services (IRL) is pleased to announce that it has successfully obtained a court ruling in its case against Express Air Cargo, Tunisia (AKA Express Airline), concerning the repossession of two CFM56-3 engines previously placed on lease with the airline. The ruling confirms Aeolus Engine Services’ right to recover possession of the engines and represents an important step in protecting the company’s contractual rights, asset ownership interests, and long-term portfolio value.

Commenting on the ruling, Fergal Whelan-Porter, Chief Executive Officer of Aeolus Engine Services, said: “This decision is an important confirmation of our contractual position and our commitment to disciplined asset management. Aeolus has always sought to work constructively with its customers and partners, but we will take the necessary steps to protect our assets, our stakeholders, and the integrity of our lease portfolio where required.” Aeolus Engine Services will continue to work with its legal, technical, and operational partners to complete the repossession process in accordance with the applicable court order and relevant legal procedures.