The Boeing Company : India May Soon Discuss Boeing Compensation for Delayed Jet Delivery - Report
07/21/2012| 10:09am US/Eastern
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India's federal cabinet is expected to discuss the compensation jet maker Boeing Co. (BA) has to pay state-run carrier Air India for the delay in its delivery of Dreamliners, the Press Trust of India reported the civil aviation minister as saying Saturday.
"It has to be approved by the Cabinet. I think, within the next five to 10 days, it should go to the Cabinet," Ajit Singh told reporters in the southern Indian state of Tamil Nadu.
Air India ordered 27 of the new long-range plane from Boeing. The jet maker is under pressure to speed up production of the Dreamliner to reduce a backlog of the twin-aisle jet.
The airline had sought a compensation package for the delay from Boeing two years ago. After much negotiation with Boeing, the board of Air India agreed on a package and has sent it to be approved by the government.
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