Home / Companies / News /  Spicejet settles dispute with Canadian plane maker De Havilland Aircraft
Listen to this article

NEW DELHI : SpiceJet Ltd has settled a dispute with Canada’s De Havilland Aircraft, which had sued the Gurugram-based airline in a UK court for $43 million for a contractual dispute, the firm said in a statement on Wednesday.

“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proceedings before the UK court and execution proceedings before the Delhi high court have been stayed and will be withdrawn upon compliance with the settlement terms," it added.

The airline, however, didn’t disclose the settlement details.

The Canadian company had earlier this year taken SpiceJet to court for failing to make pre-delivery payments after ordering 25 Dash 8-400 (Q400) turboprop aircraft.

In January 2020, De Havilland terminated aircraft deliveries after SpiceJet failed to pay the relevant pre-delivery payments.

The aircraft maker scrapped the purchase agreement in February 2020 and initiated legal proceedings for damages and relief.

De Havilland approached a UK court, seeking termination of the purchase agreement and damage charges from SpiceJet, for which the court ruled in favour of the aircraft maker.

It subsequently moved the Delhi high court to get the decree implemented.

Aircraft lessor Goshawk and its trustee Wilmington Trust SP Services Dublin Ltd have also filed a lawsuit against SpiceJet in the Delhi high court regarding unpaid dues.

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Recommended For You

Trending Stocks

Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout