The Turkish Corendon Group wanted to sell its Dutch airline Corendon Dutch Airlines to the Sunweb Group. Actually, because the deal fell through and is now going to court. The seller sues the abandoned buyer.

The story is somewhat reminiscent of the broken deal between Condor and the Polish state holding PGL. This matter is also pending in court, because the German holiday airline demands damages from the jumped buyer in the millions. In the Netherlands it is little different, because there a case against the Sunweb Group is pending before a court in Amsterdam.

The Sunweb Group confirmed that the seller was suing them. The original sales contract also included the tour operator activities in the Netherlands and Belgium as well as parts of the administration in Turkey. Sunweb withdrew on June 3, 2020 and justified the step with the fact that the agreed conditions were not met by the Corendon Group.

The seller sees it completely differently: Among other things, they cite the fact that the competition authority gave the green light in October 2020 and are angry about the behavior of the Sunweb Group. Corendon said in Dutch newspapers that it would be “typical behavior of investment funds in the corona crisis”. Triton has owned Sunweb since last year.

The matter is now on the desk of a judge in Amsterdam. The judiciary must now decide whether Sunweb is obliged to buy, has to pay damages or not. The outcome of the proceedings, which is very likely to go through several instances, therefore remains to be seen.