Amer­i­can Airlines reaches agree­ment with Boe­ing on 737 Max losses

Muscat Daily - - BUSINESS -

Amer­i­can Airlines on Mon­day be­came the lat­est car­rier to reach an agree­ment with Boe­ing on com­pen­sa­tion to cover the fi­nan­cial losses con­nected to the 737 Max ground­ing, which caused thou­sands of flights to be can­celled.

Amer­i­can de­scribed the deal as a ‘con­fi­den­tial agree­ment’ and did not dis­close the full amount in­volved, which cov­ers the com­pany’s 2019 fi­nan­cial dam­ages.

‘Amer­i­can will con­tinue its con­ver­sa­tions with Boe­ing re­gard­ing com­pen­sa­tion for dam­ages re­lated to the Max ground­ing beyond 2019, and any fu­ture com­pen­sa­tion will be sim­i­larly shared with its team mem­bers,’ the com­pany said.

Newspapers in English

Newspapers from Oman

© PressReader. All rights reserved.