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Air India Won't Take Dreamliner Delivery Before Delay Compensation Agreed - Minister

NEW DELHI -(Dow Jones)- Air India Ltd. won't take the delivery of Boeing Co.'s (BA) 787 Dreamliner planes until both parties agree on a compensation figure for a delay in delivering the planes by the U.S. manufacturer, India's civil aviation minister said Tuesday. "We have to decide on a compensation mechanism before taking delivery of the Dreamliner," Ajit Singh told reporters. Singh said Air India "has worked out a compensation package and is seeking a legal opinion on several steps on how to take it forward." He declined to disclose the compensation that Air India plans to seek from Boeing, but said a panel of ministers will consider the compensation that Boeing will need to pay to Air India. "We have to discuss options like arbitration and where to take this arbitration in case Boeing refuses to pay this compensation," Singh said. Air India, which ordered 27 Dreamliner jets, is expected to get the first aircraft toward the end of this month, about three years behind the original schedule. -By Nikhil Gulati, Dow Jones Newswires; +91-11-4356-3305; santanu.choudhury@dowjones.com

Stock News for Boeing (BA)
DateTimeHeadline
05/02/201616:30:00Boeing Board Approves Quarterly Dividend
05/02/201614:30:00Harley-Davidson Names Retired Boeing Executive as Chairman
05/02/201613:31:00Harley-Davidson Names Retired Boeing Executive as Chairman
05/02/201613:20:00Boeing Confident Fighter Line Will Be Open in 2020s
05/02/201613:15:00Boeing Confident Fighter Line Will Be Open in 2020s
05/02/201609:03:00Boeing 737 MAX Makes First International Journey for Flight Testing
05/01/201623:09:00Bombardier Faces Off With Airbus, Boeing
04/29/201611:00:00Boeing Investor Conference to be Webcast May 11
04/29/201603:00:00Boeing Set To Deliver Record Number of Airplanes to Turkish Airlines
04/28/201616:30:00SpaceX Wins U.S. Military Contract to Send Satellite Into Orbit
04/28/201616:18:00SpaceX Wins U.S. Military Contract to Send Satellite Into Orbit
04/28/201611:05:00Ex-Im Bank Faces New Hurdle as Senator Blocks Board Nominees
04/28/201610:00:00Boeing Honors 12 Suppliers for Outstanding Performance in 2015
04/28/201609:52:00China Eastern Orders $10 Billion of New Planes From Airbus, Boeing
04/28/201608:30:00Boeing, China Eastern Airlines Finalize Order for 15 787-9 Dreamliners
04/28/201608:20:00Raytheon Sales Rise But Profit Falls
04/28/201607:50:00Bombardier Confirms Large Delta CSeries Order
04/28/201605:59:00Ex-Im Bank Faces New Hurdle in Congress Over Board Nominees
04/28/201603:03:00Boeing Earnings Fall as Jet Charges Mount -- WSJ
04/27/201618:46:00Boeing Profit Falls as Jet Charges Mount -- 4th Update

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