Tycoons in bitter clash over Sh4.1bn planes deal - News Summed Up

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Tycoons in bitter clash over Sh4.1bn planes deal


But 748 Air Services in its response says that it is only leasing one airplane from Bluebird and that the deal is clean. Global assetsHe claims the partners have used Bluebird funds to acquire shares in Safarilink, 748 Air Services and several other assets globally. The transaction was made without authority of Bluebird directors in breach of Mr Farah’s fiduciary duty as director,” Mr Abdi says. “In September 2012 Mr Adan in collusion with Mr Farah and Hussein Unshur Mohammed transferred ownership of plane registration 5YVVN to 748 Air Services Barbados, a company associated with Mr Adan and 748 Air Services Kenya. He adds that 748 Air Services Kenya’s leasing deal with Bluebird is clean and known to the Kenya Civil Aviation Authority (KCAA).


Source: Daily Nation June 12, 2017 07:52 UTC



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