Aeromexico reaches compensation deal with Boeing over 737 Max crisis GlobeBusiness
Southwest Airlines Co, the world’s largest 737 Max operator, said in December that it had reached a confidential agreement with Boeing for a portion of a projected $830 million hit to operating income in 2019.Turkish Airlines also agreed to a compensation deal with the plane maker but did not specify the size of the payment. European charter airline TUI has said that it was still in talks with Boeing.
Earlier on Monday, the Wall Street Journal reported that Boeing is considering plans to raise more debt to bolster its finances after the grounding of its 737 Max jet. The company is also thinking of deferring some capital expenditures, freezing acquisitions and cutting spending on research and development to preserve cash, the report said, citing people familiar with the matter.Shares of the plane maker were down 1% at $329.78 in early trading.
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