The Indian low-cost airline Spicejet has reached an agreement with the lessors of 19 de Havilland Dash 8-400s and three Boeing 737-800s. All liabilities would have been settled so that the machines could be transferred to the ownership of the Indian carrier.

As part of a stock exchange announcement, the carrier announced that, among other things, it was about machines that it had previously leased from Nordic Aviation Capital. All liabilities to other lessors have also been paid and purchase contracts have been fulfilled. This means that ownership of 19 de Havilland Dash 8-400s and three Boeing 737-800s will transfer to Spicejet.

Spicejet has repeatedly caused a stir regarding disputes with lessors. For example, a Boeing 737-800 was chained up in Dubai some time ago. This was then quickly released again due to a court order. Creditors also repeatedly file bankruptcy applications against the low-cost airline. So far, however, these have always been rejected by the responsible courts.

When it comes to the 19 de Havilland Dash 8-400, there's more to it than that. The vast majority was funded by Export Development Canada. The company was in a legal dispute with de Havilland Canada for a long time because Spicejet not only stopped accepting ordered machines, but also failed to make the contractually agreed down payments. An agreement has been reached in this regard. Now Spacejet also wants to have paid the liabilities in Canada, so that ownership of 15 de Havilland Dash 8-400 will be transferred.