The bone of contention between SpiceJet and de Havilland Aircraft of Canada has been resolved. SpiceJet on Dec 13, 2021, announced that it has entered into a settlement agreement with the aircraft manufacturer of DHC 8 400 aircraft.
In August, the manufacturers of the DHC 8 400 aircraft, De Havilland filed a complaint in Delhi high court against the Gurugoan based company accusing them of not paying for the order of a Q400 aircraft.
“The parties have agreed to settle all their disputes under and related to the aircraft purchase agreement and component solution agreement, subject to compliance with the terms of the settlement” a statement issued by SpiceJet on December 15. It added, “all the 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proceedings before the UK court and execution proceedings before the Delhi high court have been stayed and will be withdrawn upon compliance with the settlement terms.”
The matter gained public attention when SpiceJet did not pay up the pre-delivery dues for the contract. In February 2020, De Havilland broke the ice and sued them for the same in A UK High Court.
All related proceedings before both The Delhi high court and the UK high court have been stayed and will be withdrawn after complaisance of settling terms. According to a source, SpiceJet is set to indulge fewer aircraft and maintain long term relationships with aircraft manufacturers