Drug Safety Settlement
Daiichi Sankyo says it was misled over Ranbaxy U.S. probes
Japanese drugmaker Daiichi Sankyo Co, which bought control of Ranbaxy Laboratories in 2008, said it believes unnamed former shareholders of the company hid information regarding U.S. regulatory probes into Ranbaxy. Full Article
REUTERS SHOWCASE
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Air India wants cash compensation for 787 grounding: source
Track Markets: BSE Sectoral Indices
Track and analyse performance of all BSE sectoral indices and other global indices on a single page. Full Coverage
A security personnel stands guard as Air India's Dreamliner Boeing 787 taxies upon its arrival at the airport in New Delhi September 8, 2012.
Credit: Reuters/Mansi Thapliyal/Files
NEW DELHI |
NEW DELHI (Reuters) - State carrier Air India will seek compensation in cash from Boeing(BA.N) for losses caused by the grounding of its 787 Dreamliners, rather than discounts on future purchases, a senior government source said on Wednesday.
The statement increases pressure for cash compensation after a person familiar with the intentions of All Nippon Airways (9202.T) told Reuters earlier that it would prefer a direct refund, rather than future discounts.
"We will obviously ask for cash. We will negotiate once the planes start flying again," said the senior government source, who has direct knowledge of the situation.
"Air India will surely ask for compensation. There is no question about it."
Boeing's 50 Dreamliners in service have been grounded since mid-January following two incidents involving battery problems.
Air India has six of the $200 million jets and has ordered 21 more.
(Reporting by Tim Hepher)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Why not get a 50% discount on a Dreamliner?
Follow Reuters