AI seeks $1 bn from Boeing

New Delhi: A miffed Air India management has slapped a notice on aircraft manufacturing major Boeing demanding compensation of about $ 1 billion (about Rs 4,600 crore) for the persistent delay on deliveries of planes. AI had placed an order for 27 B-787 Dreamliners. According to the original schedule, the
first such aircraft was to be delivered in September 2008 followed by one each in each of the subsequent months.
By March 2011, Boeing was scheduled to have delivered 18 of these premium aircraft to India’s state-owned carrier. It now appears, however, that the first of these aircraft will arrive only in April next year forcing the airline, already battling with a bleeding balance sheet, to slap a compensation notice to the Seattle based aviation giant. The compensation sought comes to about half of the airline’s accumulated loss.
10/08/10 Gaurav Choudhury/Hindustan Times

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Categories: Foreign Aug 2010, NACIL Aug 2010