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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