| Air-India gets nod to take delivery of Boeing 787 |
NEW DELHI The Indian government has given its nod to Air-India to take delivery of the Boeing 787 aircraft. An official statement issued after a meeting of the Cabinet Committee on Economic Affairs states that the airline be allowed to take delivery of the 27 Boeing 787 aircraft after signing the delay compensation settlement agreement with the manufacturer.
The meeting also decided that the issue relating to compensation for failure to meet performance guarantee be “delinked” from the delayed compensation settlement agreement. This will be negotiated separately by an Empowered Group of Officers. The Ministry of Law and Justice would examine and endorse the enabling legal provisions /aspects of the negotiations.
Sources indicated that at the moment Air-India will only receive compensation for the over four-year delay in delivery of the aircraft. This is not the first time that an agreement for compensation for failure to meet performance guarantee has been reached between the Air-India and an aircraft manufacturer.
“The performance compensation cannot be decided in advance. The performance can be measured when the aircraft joins the fleet and more than one aircraft has flown on several routes for a period of time,” an aviation analyst said.
Agencies
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