"Boeing Compensates Alaska Airlines $160 Million for Plane Grounding"
Boeing has paid Alaska Airlines approximately $160 million in initial compensation following the midair blowout of Alaska Airlines Flight 1282 in January, which resulted in the grounding of similar Boeing 737 Max 9 jetliners. The airline reported a loss of approximately $160 million in Q1 pretax profit due to the incident and grounding. Boeing is expected to provide additional compensation in the future, but the exact amount and terms are currently unknown.
