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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;

Stock News for Albany (AIN)
09/03/201510:30:00Albany International Declares Dividend
09/03/201507:30:00Gabelli & Company to Host Its 21st Annual Aircraft Supplier Conference...
08/10/201508:18:00Gabelli & Company’s 21st Annual Aircraft Supplier Conference
08/05/201512:00:11Quarterly Report (10-q)
08/04/201517:23:08Current Report Filing (8-k)
08/04/201517:00:00Albany International Reports Second-Quarter Results
08/04/201507:30:00Gabelli & Company’s 21st Annual Aircraft Supplier Conference
08/03/201510:26:59Statement of Changes in Beneficial Ownership (4)
07/10/201508:42:33Current Report Filing (8-k)
07/10/201507:30:00Albany International Announces Anticipated Charge for Revision...
06/29/201516:22:42Annual Report of Employee Stock Plans (11-k)
06/24/201512:41:42Current Report Filing (8-k)
06/24/201512:27:40Current Report Filing (8-k)
06/18/201515:26:27Amended Statement of Beneficial Ownership (sc 13d/a)
06/18/201510:40:04Amended Statement of Beneficial Ownership (3/a)
06/18/201510:09:24Initial Statement of Beneficial Ownership (3)
06/10/201511:20:31Initial Statement of Beneficial Ownership (3)
06/02/201517:22:09Current Report Filing (8-k)
06/02/201509:05:19Statement of Changes in Beneficial Ownership (4)
06/02/201509:00:55Statement of Changes in Beneficial Ownership (4)

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