Boeing to pay compensation to Turkish Airlines over 737 MAX grounding ...News

Economy by : (Russia Today) -
One of Boeing's biggest customers, Turkish Airlines, announced on Tuesday it has reached an agreement with the US aviation giant on compensation for losses caused by grounded and undelivered 737 MAX aircraft. The company did not specify how much Boeing will shell out. According to Hurriyet newspaper, the payout will total $225 million, with $150 million in compensation and $75 million covering things such as spare parts and training. The announcement comes after Turkish Airlines said earlier this month it was preparing to bring a lawsuit against Boeing due to uncertainty regarding the 737 MAX and its losses.

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