SpiceJet announced that it has entered into a settlement agreement with aircraft lessor Goshawk Aviation Limited and its affiliated leasing entities namely Wilmington Trust SP Services (Dublin) Limited, Sabarmati Aviation Leasing Limited and Falgu Aviation Leasing Limited related to two Boeing 737 MAX aircraft and one Boeing 737-800 NG aircraft.
The settlement will allow the entry into service of two more fuel-efficient Boeing 737 MAX aircraft into the SpiceJet fleet.
The parties have agreed to settle all their disputes under and related to the aircraft lease agreements for three aircraft. The agreement, the terms of which are confidential, ends all litigation proceedings between the parties. All proceedings, including before the UK Court and Execution Proceedings before the Delhi High Court will be withdrawn accordingly.
Goshawk Aviation Limited is one of the main lessor of MAX aircraft of SpiceJet. The settlement with Goshawk follows SpiceJet’s successful settlements with De Havilland Aircraft of Canada Limited, Credit Suisse, Boeing, CDB Aviation, BOC Aviation and Avolon.