Turkish Airlines says Boeing has agreed to compensate the airline for some of the losses it has suffered by the grounding of its Boeing 737 Max jetlinersairlines for their losses from canceling thousands of flights. Boeing is seeking to limit the amount of compensation paid out in cash by also offering discounts and services.
Boeing has been updating flight-control software and computers in a bid to get the Max back in the air, but the company’s expectations for a relatively short turnaround have been dashed repeatedly.
The Federal Aviation Administration is unlikely to approve Boeing’s changes until late February or March at the earliest, and regulators in other countries are expected to take even longer before letting the plane fly again.
Shares of Boeing slipped 60 cents to $325.80. They ended the year up 1% but fell 27% from their peak in March, just before the second Max crash.