Domestic carrier SpiceJet on December 13 entered into a settlement agreement with De Havilland Aircraft of Canada. DHC manufactures the DHC-8-400 aircraft. According to a statement issued by SpiceJet on December 15, “The parties agree to settle all their disputes under and in connection with the Aircraft Purchase Agreement and Component Solution Agreement. It is related to compliance with the terms of settlement.” It is clear that at present the cases related to this going on in various courts will be stopped and the cases will be withdrawn after following the conditions of settlement.
The DHC had filed a case against SpiceJet in the Delhi High Court, seeking payment of dues for the order for the Q400 aircraft. The manufacturing company has not stopped production of the aircraft.
It is said, “The ongoing cases in the UK Court and the Delhi High Court have been put on hold. These will be withdrawn on compliance with the terms of settlement.”