Govt should decide on dreamliner: AI
The Air India board has lobbed the ball in government's court on the contentious Dreamliner deal. HT reports.india Updated: Sep 15, 2011 21:39 IST
The Air India (AI) board has lobbed the ball in government's court on the contentious Dreamliner deal.
AI board, which met on Thursday in New Delhi, deliberated on the Boeing 787 Dreamliner deal in detail taking a decision that since the money to purchase the aircraft would be provided by the government, it was better that the government takes a final decision on whether to go ahead or scrap the deal.
The deal for 27 Dreamliners is worth almost $4 billion and aviation minister Vayalar Ravi has been quoted as saying that AI has no money to pay for the aircraft. The aircraft delivery has already been delayed by over three years forcing the AI management to slap a notice demanding compensation of about $850 million from the aircraft manufacturer.
"It has been decided to wait and let the government take final call on the financial implication of the decision," a source said.
First Published: Sep 15, 2011 21:36 IST