Latest Fallout From The Grounding Of The 737 MAX

 Grupo Aeromexico has recently reached a confidential compensation agreement with The Boeing Company  to mitigate Aeromexico's costs arising from the temporary grounding of the airline's Boeing 737 MAX aircraft.

The details of this agreement with Boeing are privileged and confidential. Grupo Aeromexico grounded its Boeing 737 MAX aircraft on March 11, 2019. The Company remains in constant communication with Boeing and the national and international aeronautical regulatory authorities and is looking forward to the aircraft reinitiating operations, once it has been recertified.

Aeromexico reiterates to its passengers, investors and the public its unwavering commitment to safety and offering customer service excellence.

The Group's operating fleet of 121 aircraft is comprised of Boeing 787 and 737 jet airliners and next generation Embraer 170 and 190 models. In 2012, the airline announced the most significant investment strategy in aviation history in Mexico, to purchase up to 100 Boeing aircraft including 90 MAX B737 jet airliners and 10 B787-9 Dreamliners.

(Source: Aeromexico news release)

FMI: www.aeromexico.com