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American Airlines to receive 737 Max compensation from Boeing

Jan. 06, 2020 4:34 PM ETBA, AALBy: Clark Schultz, SA News Editor37 Comments
  • American Airlines Group (NASDAQ:AAL) says it struck an agreement with Boeing (NYSE:BA) over lost revenue due to the ongoing 737 Max grounding.
  • While the terms of the settlement weren't disclosed, American said it would add $30M to an employee profit sharing program next year.
  • The airline company could receive more funds if the grounding goes on longer than anticipated.

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