Southwest Airlines announced on Thursday that it has reached a compensation agreement with Boeing to cover some of the projected financial damages related to the grounding of the Boeing 737 MAX. Along with the rest of the MAX fleet, Southwest’s 34 MAX aircraft have been out of service since March 2019 following the fatal crashes of Lion Air Flight 610 and Ethiopian Airlines Flight 302. The terms of the company’s agreement with Boeing have not been made public, but the airline’s board has authorized an incremental profit-sharing accrual for Southwest employees estimated at around $125 million.
This is a companion discussion topic for the original entry at https://www.avweb.com/aviation-news/boeing-to-compensate-southwest-for-max-damages