Air India to receive USD145 million in compensation from Boeing for B787 delays
Air India confirmed Boeing will pay USD145 million to the carrier as compensation for B787 delays, downgraded from the carrier's initial claim from USD710 million (Press Trust of India, 16-Mar-2010). Air India parent, the National Aviation Company of India (NACIL) ordered 27 B787s in 2006, with the first initially scheduled for delivery in May-2008. The first B787 is now due to be delivered to the carrier in Apr-2011.
Air India: "The deliveries of Dreamliner 787 should have been complete by now. But it got delayed completely and we have slapped a compensation claim of USD710 million. Obviously, they have confirmed $145-million they will pay as compensation for the delay and so we have tried to push the entire delivery," Arvind Jadhav, Chairman and Managing Director. Source: Press Trust of India, 16-Mar-2010.