Boeing, Turkish Airlines Reach Compensation Agreement | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.28.25

Airborne-NextGen-04.29.25

AirborneUnlimited-04.30.25

Airborne-Unlimited-05.01.25

AirborneUnlimited-05.02.25

Thu, Jan 02, 2020

Boeing, Turkish Airlines Reach Compensation Agreement

Totals $225 Million Related To Grounding Of The 737 MAX

Boeing and Turkish Airlines have reached a compensation agreement stemming from the grounding of the 737 MAX airplane, according to the airline.

Reuters reports that, according to the Hurriyet newspaper, the compensation package totals $225 million to be paid by Boeing to the carrier. The total includes $150 million in compensation and $75 million for spare parts, training and other considerations.

Turkish Airlines has taken delivery of 12 737 MAX airplanes of a total of 75 on order for its fleet, according to the report. The plane has been grounded since March, 2019 following two accidents involving the aircraft.

The carrier had been planning to file a lawsuit against the planemaker prior to the agreement being reached.

Boeing has suspended production of the 737 MAX, and CEO Dennis Muilenburg has been removed by the company in the wake of the accidents and subsequent grounding. So far, the grounding has cost the planemaker more than $9 billion.

(Image from file)

FMI: Source report

Advertisement

More News

ANN's Daily Aero-Linx (04.30.25)

Aero Linx: Aviators Code Initiative (ACI) Innovative tools advancing aviation safety and offering a vision of excellence for aviators. The ACI materials are for use by aviation pra>[...]

ANN FAQ: Turn On Post Notifications

Make Sure You NEVER Miss A New Story From Aero-News Network Do you ever feel like you never see posts from a certain person or page on Facebook or Instagram? Here’s how you c>[...]

Classic Aero-TV: Agile Aero’s Jeff Greason--Disruptive Aerospace Innovations

From 2016 (YouTube Edition): Who You Gonna Call When You Have a Rocket Engine that Needs a Spacecraft? While at EAA AirVenture 2016, ANN CEO and Editor-In-Chief, Jim Campbell, sat >[...]

Aero-News: Quote of the Day (04.30.25)

"In my opinion, if this isn't an excessive fine, I don't know what is... The odds are good that we're gonna be seeking review in the United States Supreme Court. So we gotta muster>[...]

ANN's Daily Aero-Term (04.30.25): Expedite

Expedite Used by ATC when prompt compliance is required to avoid the development of an imminent situation. Expedite climb/descent normally indicates to a pilot that the approximate>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC