Spoleto Corporation v. Ethiopian Airlines Group

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK SPOLETO CORPORATION, Plaintiff, 21 Civ. 5407 (PAE) -v- OPINION & ORDER ETHIOPIAN AIRLINES GROUP a/k/a ETHIOPIAN AIRLINES ENTERPRISE, Defendant. PAUL A. ENGELMAYER, District Judge: This case involves a sale of aircraft frames and jet engines that went awry. An agreement was in place under which defendant Ethiopian Airlines Group (“Ethiopian”) was to sell such items to Arena Riparian (Cayman) (“Arena Riparian”). However, Ethiopian abandoned that agreement. It instead sold the items to a different entity—one affiliated with Benedict…