Air India seeking $1 billion from Boeing for airliner delivery delays

India's financially-ailing flag carrier, Air India, is asking Boeing for up to $1 billion to compensate it for delays in delivering 787 Dreamliners to the airline, sources in India said today. Reuters India reported the airline is in negotiations with Boeing over the compensation issue. Air India is already some $4 billion in debt and has asked the Indian government for help to remain afloat. The airline isn't the only Indian carrier suffering in the current economy. The company's three other major airlines, Kingfisher, SpiceJet and Jet Airways, saw their stock decline steeply last year as they battled for market … Read more »