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Delayed 787's: Air India may get Compensation

Air India 787 Air India is likely to get a compensation package of $250-$300 million from Boeing for the delayed delivery of the 787 Dre...

Air India 787

Air India is likely to get a compensation package of $250-$300 million from Boeing for the delayed delivery of the 787 Dreamliner aircrafts. Civil aviation Minister Ajit Singh had said that depending on the cabinet committee's approval of the compensation agreement, Air India will take delivery of three 787's within 20 days. 787's original delivery schedule of 2008 was delayed and the first of these aircraft's were slotted for delivery in June this year. How ever that was also postponed, leading to a compensation package form Boeing.
The Center for Asia Pacific Aviation [CAPA] estimates that the compensation package will be in the region of $250-$300 million. A further four 787's are expected to be delivered by January 2013, followed by another seven in 2014. Air India has a total order for 27 aircraft. The first three aircraft will initially be deployed on domestic to familiarize the aircraft. Air India has confirmed plans to lease out some of its older Boeing 777 aircraft once it starts to take delivery of new 787's.