American Airlines vows to share Boeing compensation for 737 MAX grounding with workers
FORT WORTH, Texas — American Airlines said Thursday it is negotiating with Boeing Co. over compensation for the airline's grounded planes and expects to share some of the proceeds with employees.
A spokesman for American said Thursday that the airline is talking to Boeing"as to what that compensation looks like." Boeing has suggested that compensation could be in cash or other forms, such as help with training or spare parts. American Airlines Group Inc. CEO Doug Parker said in October he was confident that any losses due to the Max grounding"won't be incurred by American shareholders, but will be borne by the Boeing shareholders."
Boeing has reached partial settlements with Southwest and Turkish Airlines — neither carrier disclosed details — while continuing to negotiate with others. Chicago-based Boeing has estimated the eventual cost to reach $5.6 billion over several years, although many analysts believe that figure will go much higher.
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