Air Canada refutes Brink’s claims, dismisses ‘careless’ behavior in $24M gold theft

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Air Canada rejects Brink's allegations, denies 'careless' conduct in $24M gold theft



“Air Canada Denies Responsibility for Theft of Gold, Cash from Airport Facilities”

In a bold and contentious stance, Air Canada has fired back at a lawsuit filed by security firm Brink’s, claiming that the airline is not to blame for the audacious theft of $23.8 million in gold and cash from its facilities at Toronto’s Pearson airport earlier this year.

The legal battle erupted after a thief managed to walk away with the expensive cargo by presenting a forged document at an Air Canada warehouse on April 17, a claim outlined in Brink’s filing last month. In a statement of defence issued on Nov. 8, Air Canada refuted every claim set forth by Brink’s, stating that it fulfilled its carriage contracts and rejecting any allegations of improper or “careless” conduct.

Asserting its position, the country’s largest airline argued that Brink’s neglected to note the value of the haul on the waybill, a key document typically issued by a carrier containing the details of the shipment. Air Canada also contended that if Brink’s suffered any losses, a multilateral treaty known as the Montreal Convention would limit the airline’s liability.

Burden of Negligence or Insufficient Security Measures?

In response to Brink’s federal court filings that claim breach of contract and millions of dollars in damages, Air Canada maintained that Brink’s failed to declare a value for carriage and opted to pay the standard rate for carrier services, in addition to choosing not to insure the shipments. The airline further highlighted that these choices were made fully aware of the consequences by Brink’s.

A Pair of Swiss Companies and Valuable Cargo

The controversial case unravelled as a pair of Swiss companies, precious metals refinery Valcambi SA and retail bank Raiffeisen Schweiz, had engaged Brink’s to provide security and logistics for the shipment, promising to compensate them for any losses. The gold was intended for Toronto-Dominion Bank, while the cash was en route to the Vancouver Bullion and Currency Exchange. Brink’s had arranged for Air Canada to transport the cargo to Toronto from Switzerland in mid-April, with the delivery taking place at Pearson shortly before 4 p.m. on a Monday afternoon.

Unanswered Questions and Ongoing Investigation

While both parties remain steadfast in their positions, unanswered questions loom large, with a police investigation ongoing and the stolen shipments still unaccounted for. With no arrests yet made, the mystery behind the daring theft deepens.

The intriguing legal battle between Air Canada and Brink’s poses a compelling dispute with significant implications, underscoring the critical need for heightened security measures in the transportation of valuable cargo. As the case evolves, the aviation industry and the security sector alike are bound to be engaged, underscoring a compelling narrative that continues to unfold.



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