Hot Air Balloon Co. Hits Back In £1M Aussie Storm Suit

Law360, London (July 12, 2021, 5:03 PM BST) -- A U.K. hot air balloon business has argued that the company behind a tourist attraction in Australia was not the legal owner of a giant balloon destroyed in a thunderstorm, pushing back on a £1.1 million ($1.5 million) lawsuit.

Lindstrand Technologies Ltd. argued in its High Court defense on Wednesday that failures by Uluru SkyShip Holdings Pty. Ltd. to pay an installment for the tethered helium balloon in Uluru-Kata, central Australia, mean it never became the proper owner.

Under a contract between the two companies, failures to make the payment would result in the warranty becoming null and void, the defense...

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