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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
07/01/201516:23:27Statement of Changes in Beneficial Ownership (4)
07/01/201512:00:00Boeing to Release Second-Quarter Results on July 22
06/30/201510:00:00Boeing, Embraer to Collaborate on ecoDemonstrator Technology...
06/30/201508:06:13Airbus Beats Boeing in Contract for South Korean Refuel Tankers--Update
06/30/201506:30:03Airbus Beats Boeing in Contract for South Korean Refuel Tankers
06/30/201506:05:15Airbus Beats Boeing in Contract for South Korean Refuel Tankers
06/28/201521:40:37U.S. Panel Aims to Shield Planes From Cyberattack
06/26/201520:32:37Boeing's Incoming CEO, Dennis Muilenburg, Is Engineer With Swagger
06/24/201518:04:08Boeing to Again Reduce Output of 747s -- Update
06/24/201515:21:15Boeing Names Muilenburg CEO, Succeeding McNerney -- 2nd Update
06/24/201514:30:04Boeing to Slow Output of 747s
06/24/201514:07:09Boeing to Again Reduce Output of 747s
06/24/201509:00:03U.S. Stock Futures Fall
06/23/201522:24:32Boeing Names Muilenburg CEO, Succeeding McNerney -- 2nd Update
06/23/201522:11:13Boeing Names Muilenburg CEO, Succeeding McNerney -- 2nd Update
06/23/201520:55:16Boeing Names Muilenburg CEO, Succeeding McNerney -- 2nd Update
06/23/201519:00:00Boeing, Thai Airways International Celebrate 25th Direct 777...
06/23/201518:40:19Boeing Names Muilenburg CEO, Succeeding McNerney -- 2nd Update
06/23/201517:36:31Boeing Names Muilenburg CEO, Succeeding McNerney -- 2nd Update
06/23/201517:31:07Boeing Names Muilenburg CEO, Succeeding McNerney -- 2nd Update

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