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Alaska Air says Boeing paid US$160 million in compensation after MAX 9 grounding

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Published Thu, Apr 4, 2024 · 08:38 PM
    • An Alaska Air-operated MAX 9 jet experienced a mid-air cabin panel blowout in January, which led the US aviation regulator to order grounding of 171 jets for inspections.
    • An Alaska Air-operated MAX 9 jet experienced a mid-air cabin panel blowout in January, which led the US aviation regulator to order grounding of 171 jets for inspections. PHOTO: REUTERS

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    ALASKA Air Group said on Thursday (Apr 4) Boeing has paid an initial compensation of about US$160 million in the first quarter to address the financial hit the airline took due to temporary grounding of 737 MAX 9 jets.

    The payment is equivalent to the lost profits resulting from an accident and grounding in Q1, Alaska said in a filing, adding it expects additional compensation.

    An Alaska Air-operated MAX 9 jet experienced a mid-air cabin panel blowout in January, which led the US aviation regulator to order grounding of 171 jets for inspections. The grounding was lifted later that month. REUTERS

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