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Post by FabienA380 on Feb 6, 2014 21:39:27 GMT 1
I also read about a Air India emergency landing at MEL. Fabien
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Post by peter on Feb 7, 2014 0:13:15 GMT 1
I also read about a Air India emergency landing at MEL. Fabien Uhm, not MEL but KUL: Could be yet another incident though...... Computer Problems
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Post by FabienA380 on Feb 7, 2014 19:39:34 GMT 1
Oh sorry yes I had read quickly, it wasn't in Melbourne but coming from Melbourne... Fabien
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XWB
in service - 11 years
Posts: 16,115
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Post by XWB on Mar 5, 2014 15:35:09 GMT 1
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s543
in service - 2 years
Posts: 3,957
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Post by s543 on Mar 5, 2014 22:20:27 GMT 1
Frankly speaking - it might be finally good for Boeing - it might put bigger pressure on working out all the kinks effectively
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Mar 5, 2014 23:51:16 GMT 1
Air India management, the Indian government and Boeing are all publically playing a role.
Air India and the government must show that they are not corrupt, that they uphold Indian interest and are ready to confront a multinational company.
Boeing is helping them with a moderate public stance - almost a submissive posture - and some vague promises.
Apart from government involvement, this is not so different from Norwegian calling Boeing on the carpet for failing to address 787 reliability issues.
Serious talk takes place behind the curtain.
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XWB
in service - 11 years
Posts: 16,115
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Post by XWB on Apr 18, 2014 11:28:19 GMT 1
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philidor
in service - 6 years
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Post by philidor on Apr 18, 2014 12:01:57 GMT 1
This is the latest episode in the Air India 787 saga ... As usual, the Indian government will have to step in to provide a financial guarantee.
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XWB
in service - 11 years
Posts: 16,115
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Post by XWB on Apr 18, 2014 12:04:27 GMT 1
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Apr 18, 2014 12:52:07 GMT 1
They always say so, because the Indian government would like it that way, but nobody would grant finance to Air India without it. The reasons are twofold : Air India is a shaky company + it is government owned. One way around the problem is to link the bridge finance deal to the upcoming long term finance arrangement with the US EXIM bank (which includes Indian government guarantee). For instance, EXIM bank commits to pay back the bridge financing institution as part of the long term finance scheme, and the trick is done : bridge loans carry no direct guarantee, because actually no Air India risk is involved, while EXIM bank enjoys a long term Indian government guarantee. That way, everibody is pleased. The Indian government claims it did not provide a bridge loan guarantee (omitting to mention the long term guarantee), Air India gets its loan, the bridge loan provider has no risk and EXIM bank does business as usual, with Indian (and ultimately US) taxpayer's backing.
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