British Airways presses Boeing to renegotiate order payments

07/30/2009 | Wall Street Journal, The

In an effort to free up cash in a tough economic climate, British Airways is asking Boeing to renegotiate installment payments on the fleet of 787 Dreamliners the carrier has on order. British Airways CEO Willie Walsh said in an interview in London he is actually seeking to delay cash payments that all airlines make to Boeing and its European rival Airbus while new planes are being built. Walsh noted that these predelivery payments can total tens of millions of dollars per jetliner.

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