American Airways' Boeing 737 Max planes sit parked outdoors of a upkeep hangar at Tulsa Worldwide Airport (TUL) in Tulsa, Oklahoma, Might 14, 2019.
American Airways’ Boeing 737 Max planes sit parked outdoors of a upkeep hangar at Tulsa Worldwide Airport (TUL) in Tulsa, Oklahoma, Might 14, 2019.
Patrick T. Fallon | Bloomberg | Getty Pictures
American Airlines is planning to share with workers a portion of the compensation it expects to obtain from Boeing for the practically 10-month grounding of the 737 Max, a disruption that carriers have mentioned value them greater than $1 billion in revenue.
American’s talks with Boeing are nonetheless ongoing, a spokesman mentioned. A number of different 737 Max prospects, together with Icelandair, Turkish Airways and Southwest Airlines, have not too long ago reached agreements with the producer, however the remaining quantities, whether or not in money compensation or reductions on plane, is not but clear as a result of the grounding is ongoing.
The grounding of the 737 Max after two crashes — one in Indonesia in October 2018 and one other in Ethiopia the next March — has roiled Boeing, prompting the producer to suspend production of the bestselling plane and costing former CEO Dennis Muilenburg his job. It has additionally compelled airways to cancel hundreds of flights and curb progress plans. That has meant much less time beyond regulation for workers, they argue.
The Federal Aviation Administration has repeatedly mentioned it does not have a set timeline for clearing the planes to fly once more and that it will individually…