Alaska Air (ALK) Gets Initial $160 M Compensation From Boeing

Alaska Air Group (ALK) has been paid $160 million by plane manufacturer Boeing (BA) in first-quarter 2024. This is an initial compensation to address the financial damages incurred as a result of Flight 1282 incident and the subsequent 737-9 MAX groundings.We remind investors that on Jan 5, ALK’s Ontario, CA-bound flight (1282) saw a panel and window being blown out of Boeing 737 MAX 9 jet shortly after takeoff from Portland, OR. The fiasco prompted the flight to turn back immediately and make an unschedule ...