Logix Aero Ireland Lt (Appellants) v Siam Aero Repair Co Ltd (Respondents)
Thursday 5 February 2026
By Appellant’s Notice filed on 5 June 2025 the Appellant appeals the decision of the High Court, delivered on 25 May following hearing on the 1 May.
This case arises from a cross‑border aircraft engine deal that collapsed due to a sophisticated email fraud. Logix Aero Ireland Limited agreed to buy two aircraft engines from Siam Aero Repair Company Limited, and the parties signed a Letter of Intent in July 2024, intending to finalise terms in later Sale and Purchase Agreements.
From 29 July 2024, a fraudster infiltrated their communications using spoofed email domains, causing each party to believe they were communicating with the other. Logix transferred USD 824,900 to the fraudster’s Vietnamese bank account, and Siam Aero, having received no payment, refused to release the engines.
Logix brought proceedings seeking declarations of ownership, delivery up of the engines, damages for breach of the confidentiality clause in the Letter of Intent, and in the alternative, enforcement of the Sale and Purchase Agreements based on the fraudster’s alleged “apparent authority” to act for Siam Aero.
The High Court struck out the claim, finding it had no real prospect of success and awarded indemnity costs against Logix.
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