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JOHNNYBET

Aerolab issues a statement

NEWS STORY
06/11/2009

Aerolab, the aerodynamic engineering company, has issued a statement in which it makes public its legal case against Force India Formula 1 Team.

The statement, issued this morning (Friday), reads as follows:

The three-year collaboration with the Silverstone outfit came to an abrupt and unhappy end in September 2009 when AEROLAB, after serious and persistent breaches of contract by Force India, decided to initiate legal action against Vijay Mallya's team which was, as a result, judicially required to post a significant bond. The matter is still pending and subject to review.

Jean-Claude Migeot, Managing Director of AEROLAB, said: "It is quite unusual for us to comment on negative matters but we have been given no other choice but to make public the facts after press reports in recent days suggested that Aerolab has passed on information to parent company Fondtech which enjoys a close technical relationship with Lotus F1 Racing.

"These rumours are designed only to tarnish the company's reputation and professionalism and to divert attention away from the facts. The truth is that Aerolab is suing Force India for not fulfilling its obligations."

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