American Airlines reaches deal with Boeing over 737 Max grounding, will share $30 million with employees
Publishing timestamp: 2020-01-06 21:30:52
Summary
American Airlines reached agreement with Boeing over lost revenue from 737 Max grounding in 2019, but more payments may be on the way as FAA flight ban remains. Airlines have lost over $1 billion in revenue due to grounding, with uncertainty on when planes will fly again. Compensation agreements have been reached with various airlines, but financial toll continues to grow as regulators have no firm timeline for lifting ban. Production of 737 Max planes has been suspended by Boeing as grounding wears on.
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