Corporate Jul 25, 2012
New Delhi: A ministerial panel has approved an undisclosed compensation package from Boeing Co(BA.N) for delayed delivery of Dreamliner aircraft for state-run Air India, Aviation Minister Ajit Singh said on Wednesday.
The package must now be cleared by India's cabinet, Singh added.
Deliveries of the 787 Dreamliners are caught up in a dispute between the US planemaker and India over compensation to the carrier, after production of the planes was delayed by four years.
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