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Lost Revenue due to Sub-Standard Luxury Aircraft

Accumyn’s expert valued a buyer’s damages incurred due to receipt of a sub-standard luxury aircraft that was repeatedly delayed and when finally delivered by the seller, did not meet the buyer’s expectations. The seller failed to remedy the mistakes in a timely manner and the buyer relied upon the seller’s representation that the aircraft was being made to the buyer’s expectation and therefore did not exercise their right to terminate the purchase agreement. The expert’s damage analysis had to include pre-judgment interest rate calculations and lost revenue analysis due to the fact that the aircraft could not be chartered in its sub-standard condition.