Can’t cancel order now: Boeing to AI

New Delhi: The loss-making Air India’s efforts to cancel the deliveries of six Boeing aircraft has run into rough weather as the aircraft company Boeing is showing reluctance to cancel the order.
Instead the aircraft company, which is negotiating the cancellation, has suggested that Air India take the delivery of these aircraft for the time being and said that later it will assist in leasing the same to other airlines. “Air India is in the process of negotiating the deal with Boeing for the cancellation of these six aircraft. While Air India is keen on cancelling the order, Boeing has put forward a proposal whereby it has insisted that the aircraft delivery be taken and they could be later given on a dry lease to other airlines,” a top government official, on the condition of anonymity, told The Indian Express.
These six aircraft are part of the acquisition of 111 aircraft, payments for which have added to the airline’s financial woes. In its board meeting held in July, the airline had decided to cancel the deliveries of the six aircraft.
25/09/09 Smita Aggarwal/ExpressIndia

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Categories: Foreign Sep 2009, NACIL Sep 2009