AI may get $150m from Boeing for late deliveries

New Delhi: The Boeing Company may pay Air India up to $150 million a month as penalty for delays in delivering the 27 Boeing 787 Dreamliners ordered in 2006. The orders were worth about $5.5 billion.
The national carrier had booked 68 aircraft from US plane-maker in a $11-billion (list price) order, which included the 27 Dreamliners. But Boeing has been unable to push in the new-age airplane into commercial operations due to delays in production.
The national carrier will have to wait till July 2009 before the first Dreamliner joins its fleet. The original plan for delivery was September 2008.
The B787s were to be used by Air India for capacity addition, and as replacement for some old aircraft. The delay has thrown a wrench into these plans.
16/02/08 Shauvik Ghosh/Financial Express

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Categories: Air India - International Feb 2008, Foreign Feb 2008, NACIL Feb 2008, New Feb 2008