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Alaska Air receives Boeing compensation for 737 Max grounding
Alaska Airlines says it has been compensated by Boeing for the door panel blowout and short grounding of all 737 Max 9 planes.
The airline says it received $160 million from the plane maker during the first quarter.
It expects to receive further compensation in the current quarter Alaska Air said in a filing this week.
In the filing it acknowledged ‘results were significantly impacted by Flight 1282 in January and the Boeing 737-9 Max grounding which extended into February.’
The Federal Aviation Administration grounded the planes after a door plug blew out midflight in early January.
It happened on one of Alaska Airlines’ new Boeing 737 Max 9 jets at 16,000 feet shortly after take off.
“Although we did experience some book away following the accident and grounding, February and March both finished above our original pre-grounding expectations,” the airline said.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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