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Aug. 27, 2018

Aircraft company sues Japanese rival, claiming it stole secrets

Aircraft company sues Japanese rival, claiming it stole secrets
Michelman

Van Nuys-based jet charter and aircraft management company Jet Edge is suing Tokyo-based Sojitz Corp. for $75 million, claiming the Japanese company set up a competing venture to steal JET Edge’s Asian business operations.

According to the complaint, filed last week, and court documents, Jet Edge and Sojitz, a general trading company with approximately 400 subsidiaries and affiliates, entered a Memorandum of Understanding pertaining...

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