Adds media report, background
Adds media report, background
ISTANBUL, Dec 31 (Reuters) – Turkish Airways THYAO.IS and Boeing Co BA.N have agreed on compensation for sure losses attributable to grounded and undelivered Boeing 737 Max plane, the Turkish airline stated on Tuesday.
The assertion to the Istanbul inventory alternate didn’t specify the deal’s worth, however Hurriyet newspaper stated it was value $225 million: $150 million in compensation and $75 million overlaying issues reminiscent of spare components and coaching.
Turkish Airways has 24 Boeing 737 MAX planes in its fleet. The 737 MAX has been grounded since March after two crashes in Indonesia and Ethiopia killed 346 individuals inside 5 months, costing the airplane producer greater than $9 billion to date.
In December, a media report had stated Turkish Airways was getting ready to open a courtroom case in opposition to Boeing in relation to its losses.
Final week, Boeing fired chief government Dennis Muilenburg after the corporate repeatedly…