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De Havilland Can Request US$42.9m in Damages from SpiceJet


The Initially Agreed-Upon Terms And Conditions
As part of the initial purchase agreement, SpiceJet had to make pre-delivery payments for each airplane a certain number of months before that aircraft’s scheduled delivery, according to a statement from Brick Court Chambers.
If SG failed to pay the pre-delivery payments on time, De Havilland could then rightfully terminate the delivery of the concerned airplane as per the Liquidated Damages Provision of the pact, Brick Court Chambers stated. 
And if De Havilland had to cancel the delivery of more than four airplanes because of this provision due to SG defaulting on payments, the manufacturer could terminate the entire agreement under the deal. ....

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