Boeing 787 Dreamliners

Cabinet approves Boeing 787 Dreamliners delivery New Delhi:The government on Friday gave a go-ahead to Air India to induct the much-awaited Boeing 787 Dreamliners into its fleet but would conduct separate negotiations on the issue of compensation for failure of the aircraft to meet performance guarantees.

The Cabinet Committee on Economic Affairs approved the proposal of Civil Aviation Ministry, at a meeting this evening, and allowed Air India to take delivery of 27 Boeing 787 aircraft after signing the Delay Compensation Settlement Agreement, an official release said.

The issue relating to compensation for failure to meet performance guarantees has been delinked from the Delay Compensation Settlement Agreement, which shall be negotiated separately by an Empowered Group of Officers after actual evaluation of the performance of the delivered B-787s, the release said.

These aircraft were scheduled to be delivered between September 2008 and October 2011, but due to certain design and production issues the deliveries were delayed....more    
08:59 PM, Aug 03, 2012

AI to sell its 6 Boeing-737 cargo planes New Delhi: In a major bid to shore up its falling revenues, cash-strapped Air India has floated a global tender for the sale of six Boeing 737 freighters, virtually bringing the curtains down on its plan to launch a dedicated cargo service. The state-owned airline has already offered to lease out five of its eight Boeing 777-200 planes for 8-10 years and decided to go for sale and leaseback of...  
05:17 PM, Jan 06, 2012

AI decides to sell, leaseback Dreamliners New Delhi: With the first of the 27 Boeing 787 Dreamliners for Air India expected to arrive next month, the cash-strapped national carrier has decided to sell and leaseback seven of them and has started looking for bridge financing worth $230 million. While the first of these much-delayed planes would be delivered by the American manufacturer in January, the second one would come in March, the third in April and...  
03:48 PM, Dec 24, 2011

AI goes for leaseback for Boeing Dreamliners New Delhi: A day after its lenders approved its debt restructuring plan, Air India on Tuesday decided to go in for sale-and-leaseback option for Boeing 787 Dreamliners instead of their outright purchase, as its Board reviewed the latest financial position of the cash-strapped company. The Board, which reviewed Air India's operations and the implementation of its turnaround programme and Financial Restructuring Plan, also decided to lease out excess capacity of...  
07:45 AM, Nov 30, 2011