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ACE FBO in Reykjavik // Source: Facbebook page of ACE FBO
  • Airports
  • News

ACE FBO and Global Fuel have to pay 6 million ISK because of ACE Hand­ling bankruptcy

  • Andrei Menshenin
  • July 7, 2020
  • 1 minute read

In addition, the two companies, which are owned by Hilmar Ágúst Hilmarsson, are also ordered to pay legal costs of 1.6 million ISK, Frettablaðið reported.

The companies hit the news first in the summer of 2018 when Icelandic newspaper DV wrote about Sigurður Ingi Þórðarsson, a.k.a. “Siggi Hakkari” (Sigg “The Hacker”) who was representing ACE Handling. He had access to a restricted area of the airport authority despite being convicted for sexual abusement and fraud. At that time ACE Handling had applied for bankruptcy.

The case against ACE FBO was about sale agreement on stairlift equipment for aeroplanes that had been sold after a deadline without payment. In court Alma Guðmundsdóttir, the ex CEO of the company testified that the company, ACE FBO, tried to sell the lift and 16 other equipment, to the new airline, Play.

The case against Global Fuel revolved around insurance brokerage payments in Sweden that were not paid and considered the amount in excess of ACE Handling’s share of the sister companies’ total insurance package, or about one million.

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  • ACE FBO
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