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Alaska Airlines receives ‘initial’ $160M from Boeing after mid-flight panel blowout — additional compensation ‘expected’

Boeing paid Alaska Airlines $160 million The airline made the announcement Thursday after an in-flight door panel explosion earlier this year. In a recent U.S. Securities and Exchange Commission filingAlaska Airlines reported that Boeing provided “initial compensation…to address the economic harm resulting from the grounding of Flight 1282 and the 737-9 MAX.” In January, Flight […]

FBI eyes Eric Adams business class bumps on Turkish Airlines

The FBI is investigating business class upgrades he received on Turkish Airlines as part of a federal investigation into Mayor Eric Adams’ 2021 campaign finances, a law enforcement official confirmed Friday. Federal authorities have been looking at Adams’ overnight stays on international flights since his time as Brooklyn mayor and since he took office in […]

Boeing pays Alaska Airlines $160M ‘initial payment’ for door blowout

Boeing has paid Alaska Airlines about $160 million as a “down payment” for “economic damages” caused by a mid-air door explosion at 16,000 feet earlier this year. Alaska Airlines, which was operating Boeing aircraft at the time the plane was blown away, stated in regulatory filings. It lost “approximately $160 million” in pre-tax profit in […]

Boeing has paid Alaska Airlines $160 million in cash

Mike Boyd, president of Boyd Group International, and Stewart Glickman, CFRA’s deputy director of research, consider the consumer and market impact of Boeing’s recent unrelated safety incidents. Boeing paid approximately $160 million in damages to Alaska Airlines. Alaska Airlines Boeing Max 9 A mid-air explosion occurred in January. The SEC filing said the money was […]

Boeing pays out Alaska Airlines amid grounding of their planes

Aviation giant Boeing has paid $160 million in compensation to Alaska Airlines for the grounding of its 737 Max 9 planes after the plane’s door panel was blown off in early January. according to recent submissions Boeing paid the airline an amount after the airline’s first-quarter results were “materially impacted” after the plane’s door panel […]