Alaska Air says Boeing paid $160 million in compensation after MAX 9 grounding – Occasions of India

Alaska Air Group mentioned on Thursday that boeing has paid an preliminary compensation of about $160 million within the first quarter to deal with the monetary hit the airline took on account of short-term grounding of 737 MAX 9 jets.
The cost is equal to the misplaced income ensuing from an accident and grounding in Q1, Alaska mentioned in a submitting, including it expects extra compensation.
An Alaska Air-operated MAX 9 The jet skilled 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.