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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
03/29/201715:36:45Proxy Statement (definitive) (def 14a)
03/10/201712:51:42Amended Statement of Ownership (sc 13g/a)
03/03/201708:40:56Statement of Changes in Beneficial Ownership (4)
03/03/201708:35:42Statement of Changes in Beneficial Ownership (4)
03/03/201708:30:23Statement of Changes in Beneficial Ownership (4)
03/03/201708:27:40Statement of Changes in Beneficial Ownership (4)
03/03/201708:23:38Statement of Changes in Beneficial Ownership (4)
03/02/201708:32:58Statement of Changes in Beneficial Ownership (4)
03/02/201708:23:05Statement of Changes in Beneficial Ownership (4)
03/02/201708:19:20Statement of Changes in Beneficial Ownership (4)
03/02/201708:15:57Statement of Changes in Beneficial Ownership (4)
03/01/201715:48:50Annual Report (10-k)
02/27/201711:58:47Statement of Changes in Beneficial Ownership (4)
02/27/201711:52:37Statement of Changes in Beneficial Ownership (4)
02/27/201711:47:34Statement of Changes in Beneficial Ownership (4)
02/27/201711:31:43Statement of Changes in Beneficial Ownership (4)
02/27/201711:26:36Statement of Changes in Beneficial Ownership (4)
02/24/201712:30:00Albany International Declares Dividend
02/13/201716:20:57Amended Statement of Ownership (sc 13g/a)
02/09/201709:54:51Schedule 13g

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