SpiceJet announces settlement with De Havilland Aircraft of Canada (DHC)

SpiceJet and DHC had entered into a Purchase Agreement on September 8, 2017, relating to 25 Q-400 series aircraft. SpiceJet paid for and took delivery of the first five aircraft. According to DHC, SpiceJet failed to make pre-delivery payments for subsequent aircraft, following which it terminated the entire purchase agreement in February 2020.
Just a few days after the written judgment was issued, a settlement agreement between SpiceJet and DHC was announced. “The terms of De Havilland Canada’s settlement with SpiceJet are confidential,” said Philippa King, lead, events and communications, DHC. It is to be noted that, big conglomerates routinely mount multi-jurisdiction proceedings, which have now become a necessity. The SpiceJet-De Havilland case is a reminder why it is prudent to maintain a consistent stand in courts across continents.