Thursday, July 7, 2011

Boeing to compensate Air India for delay in aircraft delivery

Air India (AI) may not have received its Boeing 787 yet, but it's going to receive the delay compensation, confirmed the aircraft manufacturer. As the aircraft delivery has been delayed by 3 years, AI has demanded a penalty of more than half a billion dollars.

The 27 Boeing 787 Dreamliners ordered by AI in 2005 have been to become delivered by 2008. But as a result of difficulties at Boeing’s production unit they haven’t been delivered yet. This has price the airline a ability earnings of $1.5 billion. “We are going to pay them the penalty and are talking with them to activity the amount,” stated Dinesh Keskar, president of Boeing, India.

“We aren't only seeking compensation for your delay in delivery, but also opportunity price for lost corporation opportunities,” stated the AI spokesperson. “We are even now inside negotiation stage,” he said.

In 2005, AI had placed an order for 68 aircraft — 18 B737-800 planes, 27 Dreamliners (B787-800) and 23 B777 aircraft.
Boeing stated it's going to deliver 18 aircraft by the end of this quarter to AI.

“We have increased the rate of production to 42 aircraft a month and AI is our priority,” stated Keskar. He stated that B787 will support AI in its turnaround plan. “It will bring down the fuel price by 20% and is environment-friendly. We are inside method of shipping simulators for these planes to India, and AI don't must send its pilots for training to Singapore.”

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