Air India will be paid $500M by Boeing for delays in Dreamliner

Boeing to pay Air India $500 million in compensation because of delays in delivering 27 on-order 787 Dreamliners. The planemaker agreed to the payment two weeks ago, a Civil Aviation Ministry official told reporters at the Hyderabad air show in India today. The carrier may get further compensation as it previously asked for $840 million and it has since asked for more because of further delays, he added.

Boeing's Indian officials denied to comment on this matter.