SpiceJet settles disputes with Canadian plane maker De Havilland
SpiceJet said on Wednesday it has entered into an agreement with Canadian aircraft manufacturer De Havilland to settle all disputes related to the Q400 turboprop aircraft purchase agreement.
“All related proceedings before the UK court and execution proceedings before the Delhi High Court have been stayed and will be withdrawn upon compliance with the settlement terms,” a statement from the airline read.
In 2017, SpiceJet had signed an agreement with De Havilland for the purchase of 25 Q400 aircraft.
Three years later, De Havilland had filed a case against SpiceJet in a United Kingdom (UK) court stating the budget airline paid and took delivery of five of the 25 aircraft but halted the pre-delivery payment for the remainder of them.
