JUST IN: Chinese firm releases one of three seized presidential jets

JUST IN: Chinese firm releases one of three seized presidential jets

A Chinese firm, Zhongshan Fucheng Industrial Investment Co. Ltd has announced the release of one of the three Nigerian Airbus A330 aircraft detained in France, following a court order obtained from a Paris judicial court.

The firm had secured a court order to confiscate three Nigerian presidential jets pending when Zhongshan receives $74.5 million awarded to it against Nigeria.

However, in a statement issued on Friday, a company spokesperson said the release was a gesture of goodwill, acknowledging that Nigerian President Ahmed Bola Tinubu requires the aircraft for a scheduled meeting with French President Emmanuel Macron.

The statement read: “Zhongshan has consistently acted reasonably and fairly in a legal dispute with Nigeria, which it did not initiate.

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“The company has been informed that an Airbus A330, currently detained in France due to a French court order obtained by Zhongshan, is needed by the President of Nigeria for his upcoming meeting with President Macron next week. As a goodwill gesture, Zhongshan has lifted the seizure, allowing the aircraft to be used for the President’s trip.”