India Post News Paper

Blog

 Breaking News

AI Board discusses compensation claim from Boeing

May 28
03:23 2012

NEW DELHI: With the delivery of new- generation Boeing 787 Dreamliner aircraft scheduled soon, the issue of over USD 700 million compensation from US manufacturer Boeing for delaying its delivery came up for detailed discussion at the Air India Board meeting here today.

The entire issue of compensation, including the amount to be claimed and how, has been forwarded to the government for approval, sources said, adding that matter came up for a thorough discussion at the meeting of the Board, sources said.

However, they did not disclose the amount to be claimed from Boeing on grounds of confidentiality in negotiations.

The first of the 27 Dreamliners ordered by Air India is ready for delivery and a team of pilots is likely to visit Boeing headquarters in Seattle, US, shortly to fly it down.

The national carrier had placed order to buy 27 B-787s and 41 B-777s in 2005 and as per the original schedule, the US aircraft maker had to commence the delivery of these aircraft from September, 2008. Delivery of the Dreamliners was delayed due to various factors, including labor trouble in Boeing.

The sources said the issue of the pilots’ strike which entered the 21st day, was briefly reviewed by the Board. The issue of a voluntary retirement scheme (VRS) for Air India staffers was not on the agenda, they said.

Asked whether the national carrier would take delivery of the B-787s before the compensation amount was finalized, the sources indicated that technically all issues should be firmed up before the delivery papers were signed between an airline and the manufacturer.

Two years ago, while deposing before the Parliamentary Standing Committee headed by CPI (M) leader Sitaram Yechury, Air India’s then CMD Arvind Jadhav had said, “We have slapped a compensation claim of USD 710 million. Obviously, they have confirmed USD 145 million they will pay as compensation for the delay and so we have tried to push the entire delivery.”

However, the sources said this was the estimation as of March 2010 and the figures could vary now. -PTI

Comments

comments

About Author

India Post Newspaper

India Post Newspaper

Related Articles

E-paper Latest Edition – October 22nd, 2021

ADVERTISEMENT – ZEE5

ZEE 5 Subscription

ADVERTISEMENT – NORTHLAKE NATOMAS

 NORTHLAKE NATOMAS

50 SPIRITUAL APPETIZERS – VINOD DHAWAN

50-ad-Indiapost

It’s a lovely book. It feels energetically clear and light. It’s easy to read, dip in and out and most importantly it offers information without fluff! Blessings on this project.

Jac O’Keeffe
Spirituality teacher based in USA.

*Available on Amazon, Flipkart & other online stores*

ADVERTISEMENT – JOBSORA- FIND A JOB NOW!

Jobsora Jobs

POPULAR CATEGORIES

Download Media Kit

India Post Media Kit