DAVID Coe, former chairman of the collapsed Allco Finance Group, will be asked to hand over documents in a dispute over who controls the the group's aviation leasing arm, now that it has been sold.
The new owner of the business, China's state-owned HNA group, is battling to stop two men - Allco's former head of aviation, David Veal; and Geoffrey Kinghorn, son of Allco founder John Kinghorn - from exerting control of the business through special purpose subsidiaries associated with it. The Federal Court ordered on Friday that subpoenas be issued to Mr Coe, his company Monetti Pty Ltd, and several other companies.
HNA plans to argue that the business is being run in a manner that is oppressive to it. Its customers include Qantas, Emirates and Singapore Airlines.
Documents sought in the case are expected to help the court determine the value of ordinary and preference shares.
The order for subpoenas to be issued comes as it emerged this month that Mr Coe is himself making a return to the aviation leasing game, through an investment in a separate aircraft leasing business, Global Aviation Asset Management.
The matter is due to return to the Federal Court in Sydney on June 25.
