Search: “arrears”
5 results found
McDan Aviation says it has fully settled rent cited in dispute with GACL
Summary
Despite settling rent, McDan Aviation faces GACL's repossession of Terminal 1 - what's next for the aviation company?
McDan Aviation claims it has settled rent arrears cited by Ghana Airports Company Limited (GACL) amid a dispute over Terminal 1. McDan insists GACL's repossession was premature, lacking a 90-day eviction notice. The company is pursuing legal options to protect its investment.
Business & Economy
3 min read
GACL terminates Fixed Base Operation agreement with McDan Aviation over persistent debt
Summary
Why did Ghana Airport Company lock up Terminal 1, and what does it mean for McDan Aviation's future operations?
GACL has terminated its agreement with McDan Aviation due to unpaid fees since 2022. Despite multiple notices and a payment plan, McDan's debt remained, leading to the termination in January 2026. GACL is pursuing the remaining debt from the McDan Group.
Business & Economy
3 min read