Contract – Terms. The claimant, a major European executive air charter operation, had provided aircraft management services to the defendant. The Chancery Division held that, on the true construction of an aircraft management and charter agreement between the claimant and the defendant, the claimant was entitled to judgment for the amount of charter incentive payments to which it had claimed to be entitled. The defendant was entitled to set off some, but not all, of the sums claimed from outstanding invoices in respect of management fees and operating costs.