Alaska Airlines said Boeing has paid the carrier $160 million in “initial compensation' after a door plug blowout on a 737-9 MAX plane in Jan.
Boeing has paid Alaska Airlines approximately $160 million in compensation following the Alaska Airlines Boeing Max 9 midair blowout in January. According to a SEC filing, the money was "initial compensation" from Boeing "to address the financial damages incurred as a result of Flight 1282 and the 737-9 MAX groundings." The airline said that they lost "approximately $160 million" in their first quarter.
The filing said that the $160 million in cash, was "equivalent" to what the airline lost from the Jan. 5 blowout. The airline said that Boeing is "expected" to provide "additional compensation" in the future. The exact amount and its terms are not known at this time. The Jan. 5 incident prompted the Federal Aviation Administration to ground similar Boeing 737 Max 9 jetliners to allow for inspections, which resulted in thousands of flight cancelations.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alaska Airlines says Boeing paid it $160 million for 737 Max 9 groundingThe FAA grounded the planes after a door panel blew out of an Alaska Airlines Boeing 737 Max 9 midflight.
Read more »
Alaska Airlines Receives $160 Million Compensation from Boeing for Max 9 IncidentAlaska Airlines has received $160 million in initial compensation from Boeing for a panel that blew out of one of its Boeing 737 Max 9 jetliners. The airline expects additional compensation, the details of which are confidential.
Read more »
Boeing pays Alaska Airlines $160 million for 737-9 MAX door plug blowoutAlaska Airlines says Boeing paid $160 million in initial compensation for losses the airline suffered after a panel blew off a Boeing 737-9 MAX plane in January.
Read more »
Boeing pays Alaska Airlines $160 million in compensation for the blowout of a panel during flightThe airline said Thursday that it expects additional compensation, the terms of which it said are confidential.
Read more »
Boeing pays Alaska Airlines $160 million in compensation for midair panel blowoutAlaska Airlines said that Boeing paid $160 million in “initial compensation” and that the carrier expects additional compensation — the terms of which it said are confidential.
Read more »