SpiceJet settles with lessor Goshawk, affiliates

New Delhi, Aug 16 (Dumanimail) SpiceJet on Tuesday announced it has entered into a settlement agreement with aircraft lessor Goshawk Aviation Limited and its affiliated leasing entities 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, a statement from the company said.

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 All proceedings, including before the UK Court and Execution Proceedings before the Delhi High Court will be withdrawn accordingly,” the statement said.

Goshawk Aviation Limited is one of the main lessor of MAX aircraft of SpiceJet.

The settlement with Goshawk follows SpiceJet’s settlements with De Havilland Aircraft of Canada Limited, Credit Suisse, Boeing, CDB Aviation, BOC Aviation and Avolon.