American Airlines reaches settlement with Boeing for 737 MAX compensation in 2019
American Airlines said Monday it had reached a confidential agreement with Boeing to address damages the airline incurred in 2019 due to the ongoing grounding of its fleet of Boeing 737 MAX aircraft. American said the compensation will be received over several years. The airline will use more than $30m of the compensation for the airline’s 2019 employee profit-sharing program. American said it does not expect any material financial impact of the agreement to be realized in its fourth-quarter 2019 earnings and it will continue talks regarding compensation for damages related to the MAX grounding beyond 2019.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-01-07/oneworld/american-airlines-reaches-settlement-with-boeing-for-737-max-compensation-in-2019
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American Airlines reaches settlement with Boeing for 737 MAX compensation in 2019
American Airlines said Monday it had reached a confidential agreement with Boeing to address damages the airline incurred in 2019 due to the ongoing grounding of its fleet of Boeing 737 MAX aircraft. American said the compensation will be received over several years. The airline will use more than $30m of the compensation for the airline’s 2019 employee profit-sharing program. American said it does not expect any material financial impact of the agreement to be realized in its fourth-quarter 2019 earnings and it will continue talks regarding compensation for damages related to the MAX grounding beyond 2019.<br/>
