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Air Canada rejects BrinkBԪַs claim after 400kg of gold swiped from airport

Carrier responds to lawsuit launched after $23.8M theft from TorontoBԪַs Pearson Airport

Air Canada has fired back in a lawsuit by security firm BrinkBԪַs, saying the airline bears no responsibility for the daring theft of $23.8 million in gold and cash from its facilities at TorontoBԪַs Pearson airport earlier this year.

A thief walked walked away with the costly cargo after presenting a phoney document at an Air Canada warehouse on April 17, according to the BrinkBԪַs filing last month.

In a Nov. 8 statement of defence, Air Canada rejected BԪַeach and every allegationBԪַ in the BrinkBԪַs suit, saying it fulfilled its carriage contracts and denying any improper or BԪַcarelessBԪַ conduct.

The countryBԪַs largest airline goes on to say that BrinkBԪַs failed to note the value of the haul on the waybill BԪַ a document typically issued by a carrier with details of the shipment BԪַ and that if BrinkBԪַs did suffer losses, a multilateral treaty known as the Montreal Convention would cap Air CanadaBԪַs liability.

BԪַBrinkBԪַs Switzerland Ltd. elected for its own reasons not to declare a value for carriage and to pay the standard rate for the AC Secure services product and, to Air CanadaBԪַs knowledge, elected not to insure these shipments,BԪַ the Air Canada filing reads, adding that BrinkBԪַs was BԪַfully aware of the consequences.BԪַ

In Federal Court filings last month that claim breach of contract and millions of dollars in damages, BrinkBԪַs said an BԪַunidentified individualBԪַ gained access to the airlineBԪַs cargo warehouse and presented a BԪַfraudulentBԪַwaybill shortly after an Air Canada flight from Zurich landed at Pearson.

The statement of claim says staff then handed over 400 kilograms of gold in the form of 24 bars BԪַ currently worth about $21.1 million BԪַ plus nearly US$2 million in cash to the thief, who promptly BԪַabsconded with the cargo.BԪַ

Even the cash BԪַ it converts to nearly $2.7 million Canadian BԪַ weighed a bundle, with the banknotes registering more than 53 kilograms.

The suit claims Air Canada was BԪַnegligentBԪַ and failed to follow through on BԪַappropriate security measuresBԪַ to prevent theft of the goods.

A pair of Swiss companies BԪַ precious metals refinery Valcambi SA and retail bank Raiffeisen Schweiz BԪַ contracted BrinkBԪַs to provide security and logistics for the shipment and compensate them for any losses, according to the BrinkBԪַs suit. The gold was bound for Toronto-Dominion Bank, while the cash was en route to the Vancouver Bullion and Currency Exchange.

BrinkBԪַs arranged in mid-April for Air Canada to haul the cargo to Toronto from Switzerland. It was delivered at Pearson just before 4 p.m. on a drizzly Monday, deposited at a glass-walled Air Canada warehouse on site at 5:50 p.m. and retrieved by the mysterious thief, who showed up 42 minutes later, the filings state.

Because BrinkBԪַs failed to pay an extra fee or a make a BԪַspecial declaration of interest in delivery,BԪַ Air Canada is not liable for losses, the statement of defence claims, citing the Montreal Convention, which applies to international flights.

However, the BrinkBԪַs filing argues that it did pay a premium and the waybills were clearly marked as BԪַbanknotesBԪַ and BԪַgoldbars,BԪַ on top of a warning on the paperwork: BԪַSpecial supervision is requested. Valuable cargo.BԪַ The Montreal Convention thus imposes no ceiling on the sum it can recover from the carrier, according to BrinkBԪַs.

A police investigation is ongoing, with no arrests so far and the shipments still missing.

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