{"id":7211,"date":"2020-01-06T21:34:20","date_gmt":"2020-01-07T03:34:20","guid":{"rendered":"http:\/\/planesintheair.com\/?p=7211"},"modified":"2020-01-06T21:34:20","modified_gmt":"2020-01-07T03:34:20","slug":"american-airlines-reaches-settlement-with-boeing-for-737-max-compensation","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=7211","title":{"rendered":"American Airlines Reaches Settlement with Boeing for 737 MAX Compensation"},"content":{"rendered":"\n

(Reuters) – American Airlines Group Inc <AAL<\/a>> said on Monday it had reached a confidential agreement with Boeing Co <BA<\/a>> to address damages the airline incurred in 2019 due to the ongoing grounding of its fleet of Boeing 737 MAX aircraft.<\/p>\n\n\n\n

American, the largest U.S. airline, said the compensation will be received over several years. The airline will use more than $30 million of the compensation for the airline’s 2019 employee profit-sharing program.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

The Association of Professional Flight Attendants, which represents American Airlines’ 28,000 flight attendants, said it welcomed the news about compensation, and was evaluating the details.<\/p>\n\n\n\n

Boeing said it does not comment on discussions with airlines.<\/p>\n\n\n\n

Boeing’s best-selling 737 MAX has been grounded since two fatal crashes in five months killed 346 people. The company is halting production this month. A number of airlines have struck confidential settlements with Boeing in recent weeks.<\/p>\n\n\n\n

(Reporting by David Shepardson, Editing by Rosalba O’Brien)<\/p>\n\n\n\n

\"\"
An American Airlines Boeing 737 Max 8, on a flight from Miami to New York City, comes in for landing at LaGuardia Airport in New York<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

(Reuters) – American Airlines Group Inc said on Monday it had reached a confidential agreement with Boeing Co to address damages the airline incurred in 2019 due to the ongoing grounding of its fleet of Boeing 737 MAX aircraft.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4510,6676,797,4813,89,5637,5992,2203,4957,5676,1397,868],"tags":[2627,45,5470,1697,464,420,118,116,2345,9757,160,5688,41,3869,5396,8160,4215,8594,961,3542,3149,2514,1483,660,4180,3786,745,9759,5084,9003,3921,1843,2948,46,412,8643,4544,515,9756,1323,2169,1326,8922,9755,7895,1288,3232,8964,4041,2579,1691,1658,1916,631,9758,8877],"class_list":["post-7211","post","type-post","status-publish","format-standard","hentry","category-aerospace-news","category-air-crash-news","category-airline-news","category-airplane-news","category-aviation-news","category-business-news","category-economic-news","category-finance-news","category-global-politics","category-international-news","category-stock-news","category-transportation-news","tag-2627","tag-45","tag-address","tag-agreement","tag-aircraft","tag-airline","tag-airlines","tag-american","tag-association","tag-attendants","tag-aviation","tag-beyond","tag-boeing","tag-compensation","tag-confidential","tag-continue","tag-crashes","tag-damages","tag-earnings","tag-employee","tag-fatal","tag-financial","tag-fleet","tag-flight","tag-fourth","tag-grounding","tag-group","tag-halting","tag-impact","tag-incurred","tag-killed","tag-largest","tag-material","tag-max","tag-news","tag-ongoing","tag-people","tag-production","tag-professional","tag-profit","tag-program","tag-quarter","tag-reaches","tag-realized","tag-received","tag-reuters","tag-settlement","tag-several","tag-sharing","tag-talks","tag-transport","tag-transportation","tag-travel","tag-u-s","tag-welcomed","tag-years"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/7211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7211"}],"version-history":[{"count":1,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/7211\/revisions"}],"predecessor-version":[{"id":7213,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/7211\/revisions\/7213"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}