Dar es Salaam. Export Development Canada (EDC) has filed a lawsuit in the UK High Court, dragging Precision Air through the legal system and claiming it owes around $26 million under an aircraft finance agreement.
According to reports, in late 2012, the Canadian Export Credit Agency (ECA) provided direct financing, enabling Tanzanian aviation firm Precision Air to purchase two model 42-600 jets from French-Italian manufacturer ATR.
