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The Vilnius City District Court is due to hear claim E47 on Friday, and in December last year applied interim protection measures and arrested 25,100 people. BAA Training assets worth EUR.
According to E47, the contract with BAA Training was signed in December 2019, but BAA Training stopped paying for services provided since March last year.
E47 chief Arkady Kurliandchik informed BNS that the company had offered to postpone paying BAA Training’s debt for six months, but the latter disagreed and made an unacceptable alternative offer: to give up 30 percent. debt or cover it with E47 on unacceptable terms.
Representatives for BAA Training told BNS that they will not comment on the dispute while the lawsuit is pending.
E47 sales revenue in 2019, compared to 2018, fell 2.2 times to 1,909 million. EUR, net profit decreased 4.4 times to 31 thousand. euros. According to the Records Center, the ultimate shareholder of the company is an Israeli citizen.
BAA Training’s sales revenue in 2019 decreased 1.5 percent. up to 17,918 million, the net profit fell 2.4 times to 616 thousand. euros. The sole shareholder of the company is Avia Solutions Group.
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