{"id":583661,"date":"2023-06-12T09:51:13","date_gmt":"2023-06-12T04:21:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=583661"},"modified":"2023-06-12T10:24:40","modified_gmt":"2023-06-12T04:54:40","slug":"air-india-makes-pre-payment-to-boeing-for-ordered-planes-cfo-hejmadi","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/air-india-makes-pre-payment-to-boeing-for-ordered-planes-cfo-hejmadi\/","title":{"rendered":"Air India makes pre-payment to Boeing for ordered planes: CFO Hejmadi"},"content":{"rendered":"<p>Air India has made pre-delivery payment to US-based aircraft manufacturer Boeing for the 220 planes it has ordered, the carrier\u2019s Chief Financial Officer Vinod Hejmadi said on Friday. <\/p>\n<p>Pre-delivery payments (PDPs) are instalments that an airline has to pay the manufacturer when the aircraft are being built. It can amount to about 30 per cent of the price of the aircraft. <\/p>\n<p>A year after being acquired by the Tata group, Air India had in February placed an order for 470 planes \u2014 250 with European plane maker Airbus and 220 with Boeing \u2014 in the world\u2019s largest single-tranche aircraft purchase order. The list price for 220 Boeing planes is approximately $34 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Air India has made pre-delivery payment to US-based aircraft manufacturer Boeing for the 220 planes it has ordered, the carrier\u2019s Chief Financial Officer Vinod Hejmadi said on Friday. Pre-delivery payments (PDPs) are instalments that an airline has to pay the manufacturer when the aircraft are being built. It can amount to about 30 per cent of the price of the aircraft. A year after being acquired by the Tata group, Air India had in February placed an order for 470 planes \u2014 250 with European plane maker Airbus and 220 with Boeing \u2014 in the world\u2019s largest single-tranche aircraft purchase [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-583661","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/583661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=583661"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/583661\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=583661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=583661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=583661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}