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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
04/21/201406:06:07Air India To Clear 777-200 Fleet; Add More Dreamliners
04/20/201406:17:33MARKET SNAPSHOT: Long View On Stocks Is Best During Weak Earnings...
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04/11/201419:16:35NTSB Renews Call for MD-11 Jet Safety
04/06/201423:36:24U.K. Ship to Investigate Signals in Flight 370 Search
04/04/201407:39:13Airbus Orders Hurt by Cancellations
04/03/201417:59:36Sources: Boeing Considers Bid for Mercury Systems -Reuters
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04/02/201422:50:17Boeing to Lay Off Up to 300 Workers at Australian Plant
04/02/201421:50:34Boeing Expands Airbus Rivalry to Tanker Market
04/02/201418:08:16Boeing to Cut 300 Jobs in Australia -Report
04/02/201408:08:35U.K. Submarine Joins Search for Malaysia Airlines Flight 370...
04/02/201407:22:34LOT Polish Airlines Swings to Net Profit, Says Boeing 787 Helps
04/02/201402:30:05U.K. Submarine Joins Search for Missing Plane
04/02/201402:18:09U.K. Submarine Joins Search for Malaysia Airlines Flight 370
03/31/201417:55:34Judge Dismisses Legal Action Related to Missing Malaysian Jet...
03/27/201402:20:07ANA Makes Big Order for Airbus, Boeing Planes
03/26/201415:35:23Efforts to Cut F-35 Costs Hinge on Foreign Partners

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