American Airlines expects to share 737 Max compensation with employees
American Airlines says it is still negotiating a compensation agreement with Boeing for the grounding of the airline’s 737 Max fleet, now in its 10th month, and that it expects to share the proceeds with its employees. In October, the CE Doug Parker said the grounding of the fleet of 24 Max aircraft had cost it up to US$540m in pre-tax profit in 2019. American still has 76 Max aircraft on order. A spokesman said: “We anticipate that part of any compensation American receives will be eligible for profit sharing for our team. Conversations with Boeing are still ongoing, and we’ll share more details as soon as they are resolved.” Earlier this week Turkish airlines confirmed that it “came to an agreement” with Boeing concerning “compensation for certain losses” caused by the grounding as well as the non-delivery of 737 Max aircraft. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-01-03/oneworld/american-airlines-expects-to-share-737-max-compensation-with-employees
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American Airlines expects to share 737 Max compensation with employees
American Airlines says it is still negotiating a compensation agreement with Boeing for the grounding of the airline’s 737 Max fleet, now in its 10th month, and that it expects to share the proceeds with its employees. In October, the CE Doug Parker said the grounding of the fleet of 24 Max aircraft had cost it up to US$540m in pre-tax profit in 2019. American still has 76 Max aircraft on order. A spokesman said: “We anticipate that part of any compensation American receives will be eligible for profit sharing for our team. Conversations with Boeing are still ongoing, and we’ll share more details as soon as they are resolved.” Earlier this week Turkish airlines confirmed that it “came to an agreement” with Boeing concerning “compensation for certain losses” caused by the grounding as well as the non-delivery of 737 Max aircraft. <br/>
