Colombia-claimed airplane engines must be secured by bond
American plane was seized in Colombia four years ago
A U.S. company seeking the return of aircraft engines, claimed by the government of Colombia but currently in a P.E.I. repair shop, must post a bond if it wants to proceed with its court action.
The two engines, for a Dash 8-311 aircraft, are valued at $1 million each. The court is asking the Florida-based company for a $500,000 bond.
The dispute began when Colombian police seized the plane four years ago. It had flown into the country from the U.S., and the Colombian government said it lacked the proper paperwork.
When the plane's two engines were sent to Vector Aerospace in Summerside for repairs, the Florida company asked P.E.I. Supreme Court to order Vector to keep the engines until their ownership is determined.
In a ruling on Thursday, the court said settling the dispute will take some time. It has ordered the American company to post the bond within 30 days if it wants to proceed. The money would compensate the Colombian government should the court determine the Americans have no claim to the plane engines.
Vector Aerospace has said it has no interest in the case, and will send the engines wherever the court tells it to.
The company has until Aug. 23 to post its bond.