Dynamic Airways
02-06-2017, 11:24 AM
#111
Banned
Thread Starter
Joined APC: Oct 2008
Position: Window Seat
Posts: 1,430
Originally Posted by FlyAstarJets
On March 3'rd, 2014 on page ten, post #94 of a thread titled "Air Transport International closing doors?",
you wrote, and I quote, "Just kill it already so we can have the leftovers."
It took me awhile to find it, but I guess this would make it, literally the only TWO times (that I know of) you've been interested in the demise of someone's job...".
you wrote, and I quote, "Just kill it already so we can have the leftovers."
It took me awhile to find it, but I guess this would make it, literally the only TWO times (that I know of) you've been interested in the demise of someone's job...".
Anyway, still interested to hear if DYA is operating or not.
03-24-2017, 05:17 PM
#114
time for crew rest
Joined APC: Jun 2008
Position: B777 Captain
Posts: 121
In case you're wondering, Rs 65.71 crore is equal to $10,050,798 USD.
===============
Air India wins major arbitration case against US-based airline Dynamic
Arbitrator tells Dynamic to pay Rs 65.71 crore to the state-owned Indian airline
Arindam Majumder | New Delhi
March 19, 2017 Last Updated at 09:40 IST
In a major victory for government-owned Air India, the airline won an arbitration case against US-based air charter company Dynamic International Airways, putting an end to a more than three-year-old legal tussle between the two parties. The order given by arbitrator, former Comptroller and Auditor General P Sesh Kumar will require the US-based charter operator to pay an amount of around Rs 65.71 crore to the national airline.
The arbitrator has also rejected Dynamic Airways’ counter claims of Rs 108.45 crore from Air India.
Air India now plans to move the US judiciary so that the order can be enforced under the laws of United States. Since Dynamic is a US-based company, it is necessary that the hearing is done in US courts under the United States Convention on the Recognition and Enforcement of Foreign Arbitral Awards, 21 U.S.T 2517.
Air India will also file a caveat petition in the Delhi High Court so that in case the award is challenged by Dynamic, Air India gets an advance notice of hearing.
An Air India spokesperson said that it was a major victory for the company following a prolonged legal battle. “It will help to recoup the airline’s expenses and we will take all steps to enforce the award in foreign jurisdiction against the party,” the spokesperson said. Business Standard could not immediately contact the spokesperson of Dynamic Airways.
Under an agreement signed in 2014, US-based Dynamic was supposed to provide aircraft to Air India to carry passengers during Haj. Air India is the nodal carrier from India for undertaking Haj operations.
Problems started once operation started. Dynamic Airways arbitrarily reduced number of planes it originally agreed to provide. Dynamic agreed to carry only two-third of the 36,000 passengers who were supposed to be carried from India to Saudi Arabia and back. This resulted in a massive mismanagement of the Haj operations in 2014 leading to several flights being cancelled or delayed by several hours — numerous cases of lost baggage were registered. The situation was so serious that the Saudi envoy to India criticised Air India for operations following which Air India stopped outsourcing Haj services to external parties.
Dynamic had earlier filed a notice in front of the US courts that the dispute should be heard in US courts and not in India. A US federal court rejected the claims allowing the arbitration case to be settled in India.
Dynamic also said that P Sesh Kumar was not eligible as an arbitrator in this case as he was a former employee with Government of India and under Indian Arbitration Law, anyone who has a past or present business relationship with a party is disqualified to oversee such a dispute.
http://www.business-standard.com/art...1800655_1.html
===============
Air India wins major arbitration case against US-based airline Dynamic
Arbitrator tells Dynamic to pay Rs 65.71 crore to the state-owned Indian airline
Arindam Majumder | New Delhi
March 19, 2017 Last Updated at 09:40 IST
In a major victory for government-owned Air India, the airline won an arbitration case against US-based air charter company Dynamic International Airways, putting an end to a more than three-year-old legal tussle between the two parties. The order given by arbitrator, former Comptroller and Auditor General P Sesh Kumar will require the US-based charter operator to pay an amount of around Rs 65.71 crore to the national airline.
The arbitrator has also rejected Dynamic Airways’ counter claims of Rs 108.45 crore from Air India.
Air India now plans to move the US judiciary so that the order can be enforced under the laws of United States. Since Dynamic is a US-based company, it is necessary that the hearing is done in US courts under the United States Convention on the Recognition and Enforcement of Foreign Arbitral Awards, 21 U.S.T 2517.
Air India will also file a caveat petition in the Delhi High Court so that in case the award is challenged by Dynamic, Air India gets an advance notice of hearing.
An Air India spokesperson said that it was a major victory for the company following a prolonged legal battle. “It will help to recoup the airline’s expenses and we will take all steps to enforce the award in foreign jurisdiction against the party,” the spokesperson said. Business Standard could not immediately contact the spokesperson of Dynamic Airways.
Under an agreement signed in 2014, US-based Dynamic was supposed to provide aircraft to Air India to carry passengers during Haj. Air India is the nodal carrier from India for undertaking Haj operations.
Problems started once operation started. Dynamic Airways arbitrarily reduced number of planes it originally agreed to provide. Dynamic agreed to carry only two-third of the 36,000 passengers who were supposed to be carried from India to Saudi Arabia and back. This resulted in a massive mismanagement of the Haj operations in 2014 leading to several flights being cancelled or delayed by several hours — numerous cases of lost baggage were registered. The situation was so serious that the Saudi envoy to India criticised Air India for operations following which Air India stopped outsourcing Haj services to external parties.
Dynamic had earlier filed a notice in front of the US courts that the dispute should be heard in US courts and not in India. A US federal court rejected the claims allowing the arbitration case to be settled in India.
Dynamic also said that P Sesh Kumar was not eligible as an arbitrator in this case as he was a former employee with Government of India and under Indian Arbitration Law, anyone who has a past or present business relationship with a party is disqualified to oversee such a dispute.
http://www.business-standard.com/art...1800655_1.html
07-19-2017, 07:47 PM
#116
New Hire
Joined APC: Aug 2016
Posts: 3
Turn The Lights Off
Charter carrier Dynamic International Airways LLC, filed for bankruptcy protection Wednesday July 18 to stabilize its business, which it says has been hobbled by legal issues and management turnover.
The wind down will be swift and without notice. How's maintenance, how you paying for those past due checks?
CEO (Paul Kraus) says due to legal issues....self created. Finance department is CEO. Management turnover? This is you Kraus, you made all the calls, only one not to turn over is you, funny the results remain the same year after year. The buck stops with you. Own up. Incompetence in your decision making month after month, year after year.
The creditors will finally stop this accident of blind mismanagement quite quickly. To all the loyal drivers who bought his "china will save us" line, there has been no better time to get out and join your x brothers who moved on to much more secure airlines. Drivers, like the creditors are insisting, get your salary upfront and ensure your return tickets are paid for. Don't get stuck without pay in some 2 star in China and paying your way home.
Shame on you Kraus. Go back to selling parts and stay out of the passenger business.
The wind down will be swift and without notice. How's maintenance, how you paying for those past due checks?
CEO (Paul Kraus) says due to legal issues....self created. Finance department is CEO. Management turnover? This is you Kraus, you made all the calls, only one not to turn over is you, funny the results remain the same year after year. The buck stops with you. Own up. Incompetence in your decision making month after month, year after year.
The creditors will finally stop this accident of blind mismanagement quite quickly. To all the loyal drivers who bought his "china will save us" line, there has been no better time to get out and join your x brothers who moved on to much more secure airlines. Drivers, like the creditors are insisting, get your salary upfront and ensure your return tickets are paid for. Don't get stuck without pay in some 2 star in China and paying your way home.
Shame on you Kraus. Go back to selling parts and stay out of the passenger business.
07-20-2017, 03:37 AM
#117
On Reserve
Joined APC: Feb 2017
Posts: 24
Now hold on there just a minute. This is not completely fair. He has been criminally negligent in the parts and MRO businesses as well. We don't want him anywhere near U.S. aviation in any capacity. Let's help to put him where he belongs - in an orange jump suit.
I'm also not sure how "swift" this will be. At present, this is simply about not paying court-awarded fines/penalties. While I believe the airline would be shut down before he paid any fines, he (they) have filed counter suits in NY, which means they intend to fight for a spell. If reorganization plans are approved, the bankruptcy court usually assures salaries are paid first.
Dear bankruptcy court; this man built and maintains the upper management revolving door. He is not qualified to run an airline, and his departure should be a first condition for reorganization approval.
Hello! U.S. and Chinese Aviation Authorities! Hello!
Should be interesting. Good luck to all there.
I'm also not sure how "swift" this will be. At present, this is simply about not paying court-awarded fines/penalties. While I believe the airline would be shut down before he paid any fines, he (they) have filed counter suits in NY, which means they intend to fight for a spell. If reorganization plans are approved, the bankruptcy court usually assures salaries are paid first.
Dear bankruptcy court; this man built and maintains the upper management revolving door. He is not qualified to run an airline, and his departure should be a first condition for reorganization approval.
Hello! U.S. and Chinese Aviation Authorities! Hello!
Should be interesting. Good luck to all there.
08-19-2017, 12:22 PM
#118
time for crew rest
Joined APC: Jun 2008
Position: B777 Captain
Posts: 121
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