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World News: Alaska Air says Boeing paid $160 million in compensation after MAX 9 grounding

boeing 737 max 9: Alaska Air says Boeing paid $160 mn in compensation after MAX 9 grounding

Alaska Air Group has announced that Boeing has paid $160 million to the airline in the first quarter as initial compensation for the temporary grounding of 737 MAX 9 jets. The payment is equivalent to lost profits in the quarter and Alaska expects additional compensation. The airline will now exclude the compensation from its calculation for first-quarter adjusted loss per share, which is expected to be $1.05 to $1.15.

United Airlines Cites Boeing Plane Shortages, Asks Pilots to Take Time Off Without Pay

The Airline Pilots Association stated that United provides options for short-term leaves and unpaid time off but emphasized that these measures are voluntary and not mandatory. Read more.

United Asks Pilots To Take Unpaid Time Off Due to Boeing Delays

Where Boeing went wrong — and what the company needs to fix

After two fatal crashes of its 737 Max airliner, a string of embarrassing quality-control snafus, and an almost catastrophic midair blowout, Boeing Co is a company in serious need of a deep-rooted cultural overhaul. It might finally get the fresh eyes needed to carry one out. The planemaker on Monday announced a major leadership shakeup that includes the departures of Chief