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Old 13th Jul 2011, 11:11
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20milesout
 
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Liquidator seizes Royal Thai Air Force plane in Munich
The liquidator of the former German construction company Walter Bau is in a multi-million dollar dispute with Thailand. To increase the pressure he seized a plane in spectacular action at Munich airport and a spokesman for the Augsburg auditor Werner Schneider confirmed this to Financial Times Germany.
An international arbitration court in Geneva in mid-2009 confirmed the requirement for Thailand to pay and Thailand still has not paid. Therefore, the seizure of the aircraft is being used as leverage. The liquidator had to be very discreet in action so the pilot of the plane was not warned.
Liquidator seizes Royal Thai Air Force plane in Munich | Asian Correspondent

Story in German:
Zoff mit Thailand: Augsburger Insolvenzverwalter pfändet Kronprinzen-Boeing | FTD.de

Pictures:
Rabiater Insolvenzverwalter: Und plötzlich ist der Flieger weg - SPIEGEL ONLINE - Nachrichten - Wirtschaft
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