Air India gets CCEA nod on Dreamliners

Cabinet Committee on Economic Affairs to allow airline take delivery of 27 Boeing 787 aircraft

New Delhi: The Cabinet Committee on Economic Affairs on Friday decided to allow Air India Ltd take delivery of 27 Boeing Co. 787 aircraft after signing the so-called delay compensation settlement pact, or DCSA.

Compensation for failure to meet performance guarantee has been delinked from DCSA, which will be negotiated separately by an empowered group of officers after evaluation of the performance of the delivered/inducted planes, also called the Dreamliner. The law ministry is expected to examine and endorse the enabling legal provisions. Air India will benefit from the induction of the state-of-the-art planes, an official note said.

Air India plans to replace its Boeing 777 aircraft with Dreamliners on long-haul routes. Scheduled to have been delivered between September 2008 and October 2011, the planes were delayed due to design issues and may reach before March 2016.

CCEA also approved an increase in the minimum support price for arhar and moong dal at Rs.3,850 per quintal, up Rs.650, and Rs.4,400 per quintal, up Rs.900, respectively. The Cabinet Committee on Infrastructure approved the inclusion of extension, renovation and modernization of projects that envisage the restoration of lost potential of 200,000 ha, which will make them eligible for 90% central funding.

http://www.livemint.com/2012/08/03231234/Air-India-gets-CCEA-nod-on-Dre.html