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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)
05/27/201609:57:18Specialized Disclosure Report (sd)
05/17/201614:28:37Current Report Filing (8-k)
05/17/201609:49:27Statement of Changes in Beneficial Ownership (4)
05/16/201615:13:43Statement of Changes in Beneficial Ownership (4)
05/16/201615:10:32Statement of Changes in Beneficial Ownership (4)
05/16/201615:04:37Statement of Changes in Beneficial Ownership (4)
05/16/201615:01:33Statement of Changes in Beneficial Ownership (4)
05/13/201608:45:00Albany International Declares Dividend
05/11/201611:03:44Statement of Changes in Beneficial Ownership (4)
05/10/201611:20:22Amended Statement of Ownership (sc 13g/a)
05/03/201615:27:32Quarterly Report (10-q)
05/02/201617:46:04Current Report Filing (8-k)
05/02/201617:00:00Albany International Reports First-Quarter Results
04/13/201611:45:00Albany International Announces Earnings Release Date
04/08/201615:54:01Current Report Filing (8-k)
04/08/201615:36:28Current Report Filing (8-k)
04/08/201610:40:31Current Report Filing (8-k)
04/08/201610:00:00Albany International Completes Acquisition of Advanced Composites...
03/30/201615:08:06Proxy Statement (definitive) (def 14a)
03/10/201612:47:13Statement of Ownership (sc 13g)

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