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.
Now, these planes are scheduled to be delivered between June, 2012 and March, 2016. (more)
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