Boeing has paid $160 million to Alaska Airlines to compensate for profits lost in the grounding of the 737 Max 9 planes following the January panel blowout on the fuselage of an Alaska Airlines jet.
The airline’s parent company, Alaska Air Group, said Thursday in a statement filed with the Securities and Exchange Commission that it had “received initial compensation from Boeing to address the financial damages incurred as a result of Flight 1282 and the 737-9 MAX groundings.”
The company claimed that as a result of the door plug blowout, which occurred shortly after the Alaska Airlines flight departed Portland, Oregon, on Jan. 5, it lost $160 million in first-quarter pretax profits.
The filing also showed that had the Federal Aviation Administration not grounded the 737 Max 9 jets, which extended
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