"Boeing Compensates Alaska Airlines $160M for Plane Grounding, United Airlines Faces Boeing Plane Shortage"

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Source: ABC News
"Boeing Compensates Alaska Airlines $160M for Plane Grounding, United Airlines Faces Boeing Plane Shortage"
Photo: ABC News
TL;DR Summary

Boeing has paid Alaska Air Group approximately $160 million in initial compensation following the door plug incident on Alaska flight 1282, with more compensation expected. The incident resulted in a loss of approximately $160 million in first-quarter pretax profit for the airline. The Federal Aviation Administration grounded approximately 171 Max 9s worldwide following the incident, and the NTSB is still investigating. Amid the fallout, Boeing's CEO announced he will step down at the end of the year.

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