Hyderabad: Air India is negotiating for more compensation from Boeing Co for delayed aircraft delivery, a senior government official said, after the planemaker agreed to pay the cash-strapped airline more than $500 million.
"Two weeks back they (Boeing) agreed to pay a little over $500 million. We are asking for more, we are talking to them," joint secretary at the Ministry of Civil Aviation Prashant Sukul said on Wednesday.
State-owned Air India was seeking nearly $1 billion from Boeing to compensate for the delays, a source told Reuters last month.
Boeing's India head Dinesh Keskar declined to comment when asked whether the planemaker was compensating for the delays.
Deliveries on the national carrier's 2005 order for as many as 50 long-range Boeing jets worth about $6 billion have been delayed by more than 3 years, disturbing Air India's plans and schedules.
14/03/12 Reuters/Business Standard
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