Aya Travel Agency, a Chinese-owned travel agency based in the UAE, has filed a lawsuit against Zeus, alleging breach of contract, breach of trust and negligence.
Zeus, which is based in Dubai, issued a statement to The Jerusalem Times saying the company had “no involvement in the operation of the agency.”
Zeus said it is investigating the matter.
Aya, the parent company of the Zee travel agency in Dubai and a major player in the U.S., had launched a public relations campaign aimed at attracting more customers to its sites in an attempt to boost revenue, the statement said.
The company also claimed the lawsuits were “not about the service, but rather about the company itself.”
It also said that the lawsuits have “no factual basis.”
Zee has been operating since 2016, but it is not the first time it has been targeted by a Chinese competitor.
It was one of the first companies in the Gulf to be taken over by a foreign firm in 2017, when it was bought by the Chinese conglomerate Dalian Wanda Group for $1.2 billion.
The deal fell through amid allegations of corruption.
Aiya’s lawsuit, filed on Friday in the United Arab Emirates, seeks damages, interest and costs of up to $50 million for breach of contractual rights, breach and breach of fiduciary duty, breach for wrongful death and breach for negligent misrepresentation.
The lawsuit is seeking compensatory damages of up for $15 million, interest of up $5 million and costs for up to three years.
In addition to the claims in the lawsuit, Aya’s lawsuit seeks unspecified damages and other relief.