Alaska Airlines says Boeing has paid the carrier $160 million in “initial compensation” for a panel that blew out of an Alaska Boeing 737 Max 9 jetliner in January.
The airline said Thursday that it expects additional compensation, the terms of which it said are confidential.
The payment covered Alaska’s pretax loss related to the accident, including lost revenue and the cost of returning its Max 9 fleet to service after the planes were grounded for three weeks.
In the stock market driven board rooms of today, they don’t care. They made more money than they will be fined. They can right off the loses to a large extent. If it gets bad, they sell it off and negate all responsibility. It’s all about meeting quarterly profit goals and increasing share holder value. This is why strong government regulation of markets has to exist. If the winning players make the rules instead of the referees, they will make rules that ensure they keep winning every time.