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Jet Air prepares 'strong' defence against Lippo Securities writ

Jet Air International Group says it intends to vigorously defend itself against a writ filed last Thursday by Lippo Securities alleging the company had failed to settle margin calls amounting to about $4.97 million plus interest and costs. It said it was seeking legal advice but believed it had a very strong defence and intended to make a counter-claim against Lippo.

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