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Alaska Air Group announced Thursday that Boeing made a one-time payment totaling more than $160 million in the first quarter to offset the financial loss the airline suffered when its 737 MAX 9 planes were temporarily grounded.
According to a filing from Alaska, the amount is equal to the loss of revenue from the accident and stranding in the first quarter, and the state also said it expects to receive additional compensation.
After a mid-air explosion of the cockpit panel of an Alaska Air MAX 9 plane in January, the US aviation regulator ordered the grounding of 171 planes for inspections. Later that month, the suspension was lifted.
The FAA has temporarily grounded nearly all Boeing 737 MAX 9 aircraft in response to a near-catastrophic failure on an Alaskan Airlines flight Friday night.
On January 5, an Alaska Airlines Boeing 737 Max 9 took off from Portland, Oregon, bound for California, and was forced to make a harrowing emergency landing when the door plug exploded at 16,000 feet.
If true, that would make Boeing primarily responsible for the crash, and not its supplier Spirit AeroSystems, which originally installed the panel on the plane in Wichita, Kansas.