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Air India Has No Cash To Pay For Boeing 787 Orders: Report

Air India does not have the cash to pay for the 27 Boeing Co. (BA) 787s it has ordered, Aviation Week reported Monday, citing a television interview last week with India's Civil Aviation Minister Vayalar Ravi. The minister said the order was delayed by Boeing by three years, and he did not specify whether it would be canceled, the website said. An earlier government report said Air India expanded too quickly and may be overburdened with debt, Aviation Week said. Year-to-date, Boeing has reported 26 order cancellations for the 787, its next-generation twin-aisle jetliner, and no new orders. The Chicago manufacturer has 821 orders total. Boeing stock was one of the big decliners of the Dow Jones Industrial Average on Monday, shedding 1.6% at last check. -By Christopher Hinton; 415-439-6400; AskNewswires@dowjones.com

Stock News for Albany (AIN)
DateTimeHeadline
10/30/201305:42:31Boeing: Jet Airways, SpiceJet Potential Customers for 737 Max
07/26/201302:42:19Aviation Regulator Starts Probe Into Air India's 787 Oven Smoke...
06/27/201304:02:37Air India Seeks $500 Million Bridge Loan - Executive
05/14/201304:40:27Air India to Resume Dreamliner Operations
05/14/201304:30:13Air India to Resume Dreamliner Operations Wednesday
05/07/201307:30:09India Regulator Likely to Decide on Lifting 787 Ban
05/03/201307:00:10Boeing Agrees to Pay Air India for Dreamliner Grounding
05/03/201304:02:21India Minister: Boeing Agrees to Compensate Air India for Dreamliner...
05/02/201311:40:05Boeing Must Compensate Air India for Dreamliner Grounding
02/05/201323:01:45Air India Executive: Boeing Didn't Deliver 7th Dreamliner Plane
02/04/201302:20:11Air India Has Flown 787s Since Global "Grounding"
01/29/201306:08:56Air India Invites Bids to Sell, Leaseback 7 Dreamliner Jets
01/18/201301:37:37Air India Using Boeing, Airbus Planes on Dreamliner Routes
01/11/201306:15:20India's Aviation Ministry Expresses Concerns Over Dreamliner...
01/10/201304:49:29Air India Starts Dreamliner Flights to Paris
11/06/201210:23:55Air India to Clear Pending Salaries by Mid November
09/12/201205:27:11India Minister: Air India Needs to Add More Planes to Expand...
09/07/201209:03:31Air India Defers $1.3 Billion Bond Sale, $500 Million Bridge...
09/06/201213:00:12Air India Gets First Boeing Dreamliner Jet
09/06/201208:04:04Air India Executive: To Get First Boeing Dreamliner Jet Saturday

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