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PPL squeezes debt payment our of Fisher Air

At the beginning of October, before Open Travel went bankrupt, Fisher Air cooperated with the declining company and managed to fall into zł.2.8 million debt with PPL. Zł.2 million concerned airport fees while 80,000 covered other services. PPL impounded Fisher Air's airplanes until the company paid its dues. It promised to pay the debt if it could use two of the impounded planes that it leased from Awans. PPL, however, remained adamant. Awans then stepped in and paid PPL zł.1 million, with a  bank guarantee for another zł.1 million in case Fisher Air managed to raise the rest. Fisher Air's woes began in February, but it kept its head up saying that it would pay its own debts. In August the history repeated and on October 2 PPL called Fisher Air on its liabilities. Fisher Air again promised to pay all debts on October 4, but again fell short. (Puls Biznesu p.9) M.M.

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