Boeing pays Alaska Airlines $160 million in cash in 'initial payment' following mid-air blowout

Boeing has paid Alaska Airlines approximately $160 million in compensation following the Alaska Airlines Boeing Max 9 midair blowout in January. According to a SEC filing, the money was "initial compensation" from Boeing "to address the financial damages incurred as a result of Flight 1282 and the 737-9 MAX groundings."The airline said that they lost "approximately $160 million" in their first quarter. "As a result of the Flight 1282 accident and the Boeing 737-9 MAX grounding, we lost approximately $160 mi ...