Apple Bank seeks $ 27.5 million in charter plane financing dispute

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Law360 (April 22, 2021, 5:24 p.m. EDT) – Apple Bank for Savings has asked a Manhattan federal judge to declare the bank owed nearly $ 28 million after an air charter broker encountered headwinds honoring the terms of a complex financing agreement with Apple Bank, Honda Aircraft Co. LLC and the Bank of Utah.

In Tuesday’s filing, Apple Bank told U.S. District Judge Paul A. Engelmayer it was owed millions of dollars as of April 1. including legal fees or other related costs …

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