Air India Seeks Nearly $1 Billion From Boeing For Delays -Reuters

Date : 02/09/2012 @ 12:13PM
Source : Dow Jones News
Stock : Albany International Corp. (AIN)
Quote : 57.7  0.3 (0.52%) @ 4:02PM

Air India Seeks Nearly $1 Billion From Boeing For Delays -Reuters

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Air India Ltd. is seeking compensation of nearly $1 billion from Boeing Co. (BA) because of delayed aircraft deliveries, Reuters reported Thursday, citing a person with direct knowledge of the matter.

A Boeing spokeswoman couldn't be reached immediately for comment, Reuters said.

According to the report, a 2005 order for up to 50 planes worth about $6 billion has been delayed by more than three years.

Full story at http://www.reuters.com/article/2012/02/09/us-air-india-idUSTRE8181DD20120209

-Dow Jones Newswires; 212-416-2900

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