Air India gets Govt nod to take delivery of Boeing 787

New Delhi: The Government has given its nod to Air India to take delivery of the Boeing 787 aircraft.
An official statement issued after a meeting of the Cabinet Committee on Economic Affairs states that the airline be allowed to take delivery of the 27 Boeing 787 aircraft after signing the delay compensation settlement agreement with the manufacturer. The meeting also decided that the issue relating to compensation for failure to meet performance guarantee be “delinked” from the delayed compensation settlement agreement. This will be negotiated separately by an Empowered Group of Officers. The Ministry of Law and Justice would examine and endorse the enabling legal provisions/aspects of the negotiations.
03/08/12 Business Line

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Categories: Air India Aug 2012