Tuesday, May 29, 2012

Air India seeks compensation from Boeing for Dreamliner delay

New Delhi: Troubled national carrier Air India (AI) wants Boeing to expedite payment of compensation for the delay in delivery of 787 Dreamliners. The aircraft were supposed to be delivered starting from September 2008.
The AI Board, which met on Monday, forwarded the matter, including the compensation amount to be claimed from Boeing, to the government, according to sources.
The Board has not disclosed the amount on grounds of confidentiality in negotiations.
Two years ago, while deposing before the parliamentary standing committee, headed by CPI(M) leader Sitaram Yechury, then-AI CMD Arvind Jadhav had said: "We have slapped a compensation claim of $710 million (Rs 3,550 crore). Obviously, they have confirmed that they will pay $145 million (Rs 725 crore) as compensation for the delay."
29/05/12 Mail Today/Business Today
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