Turkish Airlines says Boeing agrees to compensation over Max

[Omaha Steve]

Source: AP

Turkish Airlines said Tuesday that it has reached a partial agreement with Boeing over compensation for damages caused by the grounding of the airline’s Boeing 737 Max jets.

The airline did not disclose financial terms of the agreement.

Between 2013 and 2015, Turkish Airlines ordered 75 Max jets. It received only 12 before Boeing halted deliveries in March after regulators around the world grounded the plane following two crashes that killed 346 people.

In a regulatory filing, the airline said the agreement covered “certain portion of the losses” related to the Max. It was not clear what was covered and whether the airline is seeking additional compensation. The airline’s media representatives did not respond to requests for information. Boeing declined to comment on private discussions with a customer.


Read more: https://apnews.com/3e2d81a19dea790d09468489f03f835a

[PSPS]

1. Boeing has lots of cash. They even gave their murderous ex-CEO a $60 million golden parachute

[Aussie105]

3. It's for show

The $60 million is to say 'No problem, we have plenty of money!' when in fact that may not be true.

True picture will be revealed when Boeing lays off factory workers who then grumble about their (non existent) redundancy entitlements.

[comradebillyboy]

2. My wife and I flew Turkish Airlines a couple of times. Great service,

adequate legroom, good food, no alcohol, very child friendly. Generally a good experience.

[Sherman A1]

4. Good

It’s a start, hopefully Boeing will scrap these death traps and start over. Compensating their airline customers in the process.

They can build good safe aircraft if they want to, they just chose to cut corners and people died.

[Aussie105]

5. Sure, why not?

Scrap billions of dollars of planes, buy them all back, compensate airlines for lost trade.

Expect Boeing to join the ranks of defunct companies that died under the burden of a bad product and liability commitments.

Boeing is not too big to fail. Unless the US government bails them out, but the kitty is looking very poor there. Deficit financing, how deep in the hole is the US government prepared to go anyway?

Takata is a good example. A profitable company gone bankrupt due to some poor design decisions.

[Sherman A1]

6. The plane is a cobbled together piece of engineering disaster

you wanna fly on one?

Yes, Boeing would take a tremendous hit, but it was Boeing that made the business decision to try to stretch a 1960s design into something of which it is not capable of doing and to cut corners along the way for profitability. The CEO that is leaving certainly seems to have very comfortable life ahead on his severance package perhaps a few of those dollars could go towards this effort?

If Boeing survives or doesn't survive it is Boeing's doings and not the flying public or the airlines that bought this death trap.