Middle East lessor LCAL is in compensation talks with Boeing over delays to the 787 program.

LCAL was created to lease 787s and has 21 on order. With the delays to the program, the lessor’s business plan is in disarray. Steve Clarke, president of LCAL, gave us this statement when we inquired:

For several months LCAL has, like a number of other B787 customers, been in compensation negotiations with Boeing over the delays to the aircraft we have on order. These negotiations are progressing slowly but have yet to be concluded.

It would be inappropriate for LCAL to comment further on the details of its negotiations.