Canadian plane maker De Havilland wins $43 mn claim against SpiceJet
A UK high court has ruled in favour of Canadian aircraft manufacturer De Havilland in a contractual dispute with SpiceJet, saying that it is entitled to recover $42.9 million in liquidated damages from the airline.
The court gave this ruling after De Havilland sued SpiceJet for its failure to make pre-delivery payments for 14 Q-400 aircraft on order.
The aircraft manufacturer had served notice for termination of the purchase agreement and claimed $ 42.9 million in liquidated damages.
In a recent judgment, the High Court of Justice in the UK upheld the aircraft manufacturer’s claim that SpiceJet did not abide by terms of contract. The court also said De Havilland is entitled to claim $ 42.9 million in liquidated damages from the airline.
