Southwest Reaches Max Compensation Deal with Boeing | Aviation International News

Southwest Reaches Max Compensation Deal with Boeing

The U.S. LCC has committed to a $125 million profit sharing disbursement to employees based on Boeing’s compensation for the 737 Max grounding.

An undelivered Southwest Airlines 737 Max 8 sits parked outside Boeing's narrowbody factory in Renton, Washington. (Photo: Barry Ambrose)

By Gregory Polek • Senior Editor

December 12, 2019

Southwest Airlines has reached a confidential agreement with Boeing over compensation for a portion of the projected financial damages related to the grounding of the airline’s 737 Max jets, Southwest said on Thursday. The U.S. low-cost airline added it continues talks with Boeing over future compensation for the groundings through a reduction in cost basis for existing and future firm aircraft orders.

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