We are not writing anybody a cheque for USD 500 mn: Boeing

New York: With Air India seeking a compensation package for the substantial delays in delivery of Boeing's Dreamliner aircraft, the US manufacturer on Thursday said it will "not write a cheque" for $ 500 million to the airline.
President and Chief Executive Officer of Boeing's commercial airplane unit Jim Albaugh said he had read reports coming from India.
"I think if we settle for $ 500 million somebody would have told me. We do not comment on deals that we have done, but I can tell you that we are not writing anybody a cheque for 500 million dollars," he said when asked about the reports of it paying compensation to Air India.
Speaking at the JP Morgan aviation and defence conference on Thursday, Albaugh said he had read similar reports six months ago which had claimed that Boeing could pay a billion dollars as compensation to the Indian carrier.
On Wednesday, Joint Secretary in India's Ministry of Civil Aviation Prashant Shukul had told reporters in Hyderabad that while state-owned Air India had demanded a billion dollar compensation from Boeing, the Chicago-based aircraft maker has agreed to pay USD 500 million.
15/03/12 Press Trust of India/IBN Live

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Categories: Air India Mar 2012, Foreign Mar 2012