Alaska Air says Boeing issued $61m in credit memos to address grounding hit

Alaska Air Group has received $61m supplier credit memos from Boeing as additional compensation for the hit from a temporary grounding of 737 MAX 9 jets, the carrier said on Friday. The airline had received $162m in cash as compensation from the planemaker in Q1r. An Alaska Airlines-operated MAX 9 jet experienced a mid-air cabin panel blowout in January, which led to the U.S. FAA grounding 171 of the aircraft for about three weeks. The credit memos can be used to make future purchases at Boeing, Alaska said in its quarterly report on Friday. Boeing is also compensating United Airlines — a prominent customer — to address the financial damages related to the grounding.<br/>
Reuters
https://www.reuters.com/business/aerospace-defense/alaska-air-says-boeing-issued-61-million-credit-memos-address-grounding-hit-2024-05-03/
5/3/24