Boeing pays Alaska Airlines $160 million in cash in 'initial payment' following mid-air blowout

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Boeing has paid Alaska Airlines astir $160 cardinal successful compensation pursuing nan Alaska Airlines Boeing Max 9 midair blowout successful January.

According to a SEC filing, nan money was "initial compensation" from Boeing "to reside nan financial damages incurred arsenic a consequence of Flight 1282 and nan 737-9 MAX groundings."

The hose said that they mislaid "approximately $160 million" successful their first quarter.

"As a consequence of nan Flight 1282 mishap and nan Boeing 737-9 MAX grounding, we mislaid astir $160 cardinal successful Q1 pretax profit, chiefly comprising mislaid revenues, costs owed to irregular operations, and costs to reconstruct our fleet to operating service," nan filing said.

BOEING'S 737 FACTORY LOGS REVEAL DELAYS, PRODUCTION PRESSURE BEFORE DOOR PLUG BLOWOUT: REPORT

A Boeing 737 MAX 9 for Alaska Airlines parked astatine airport

A Boeing 737 MAX 9 for Alaska Airlines is pictured on pinch different 737 craft astatine Renton Municipal Airport adjacent to Boeing's mill successful Renton, Washington, connected January 25, 2024.  (JASON REDMOND/AFP via Getty Images / Getty Images)

The filing said that nan $160 cardinal successful cash, was "equivalent" to what nan airline mislaid from nan Jan. 5 blowout.

The hose said that Boeing is "expected" to supply "additional compensation" successful nan future. The nonstop magnitude and its position are not known astatine this time.

Boeing Facility Entrance Sign

Signage extracurricular nan Boeing Co. manufacturing installation successful Renton, Washington, US, connected Monday, Feb. 5, 2024.  (David Ryder/Bloomberg via Getty Images / Getty Images)

The Jan. 5 incident prompted nan Federal Aviation Administration to crushed akin Boeing 737 Max 9 jetliners to let for inspections, which resulted successful thousands of formation cancelations.

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The doorway plug connected a 737-9 MAX level detached conscionable minutes after Alaska Airlines Flight 1282 took disconnected from Portland, Oregon, connected Jan. 5 and reached 16,000 feet. The nonaccomplishment of nan plug caused nan compartment to depressurize, and a gaping spread sucked retired compartment phones and ripped a child's garment disconnected his body. 

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