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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.
Related News Stories: Alaska Airlines’ blowout plane was scheduled for maintenance later … Hundreds of flights canceled due to Boeing Max grounding … Boeing warns of big quarterly losses after blowout incident No UK airlines impacted by Boeing 737-9 Max grounding – TravelMole JetBlue gives up on merger with Spirit Airlines Boeing’s 737 Max chief steps down Winter wonderland in Anchorage, Alaska DOJ opens criminal investigation of Boeing FAA probes latest Boeing mid-flight mishap Qatar Airways unveils summer flights to Tashkent, Uzbekistan …
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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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