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What's New to The Street... Breaking: Alaska Air Group receives a $160 million compensation payment from Boeing for lost profits following the midair blowout of a door plug in January. Stay tuned for updates. 💸✈️ Follow New To The Street for more! #AlaskaAir #BoeingCompensation #AviationNews #businessnews #business #news #newtothestreet

What's New to The Street... Breaking: Alaska Air Group receives a $160 million compensation payment from Boeing for lost profits following the midair blowout of a door plug in January. Stay tuned for updates. 💸✈️ Follow New To The Street for more! #AlaskaAir #BoeingCompensation #AviationNews #businessnews #business #news #newtothestreet

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Boeing Settles with Alaska Air for $160 Million After Flight 1282 Door Incident Boeing has compensated Alaska Air Group with approximately $160 million following an incident involving a door plug on Alaska flight 1282, as revealed in a recent SEC filing by the airline. This initial payment aims to cover the financial losses stemming from the incident and the grounding of the 737-9 MAX fleet. Alaska Air reported a significant hit to its first-quarter pretax profits, citing lost revenues and additional operational costs. Further compensation discussions between Boeing and Alaska Air are ongoing, with specifics remaining confidential. Following the incident, which saw a door plug detach shortly after takeoff without causing serious injuries, the FAA grounded several Max 9 aircraft as a precaution. Boeing is under scrutiny from both the FAA and the NTSB, with an investigation and an audit into the company's production practices underway. Amid these challenges, Boeing's CEO, Dave Calhoun, announced his upcoming resignation, committing to enhancing company stability and safety standards. #VeritasMedia #BoeingCompensation #AlaskaAirRecovery #Flight1282Incident #AviationSafety #737MAXGrounding #AirlineCompensation #FAAInvestigation #Boeing737Max9 #AerospaceNews #FlightSafety #AirTravelUpdates #NTSBProbe #BoeingOversight #AircraftManufacturing #AirlineEconomics #AviationIndustry #PassengerSafety #CEOTransition #AirlineOperations #SafetyFirst

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Did you know? there are an average of 10,000 planes in the sky at any one time carrying roughly 1 million passengers. Yes, that's right! Roughly 1.2 million people are transported by 10,000 commercial airplanes in the skies. This number can change depending on the time of day and other circumstances, but it gives a broad picture of the global air transport activity at any given moment. Follow for more! Learn more about Stratus Financial by visiting this link 🔗: https://lnkd.in/gFQ7Edk9 #aviationworld #studentpilots #loveaviation #stratusfinancial

Illegal jet charter operations pop up just as quickly as the FAA can shut them down. Here are the red flags you should know to avoid these unscrupulous operators. https://lnkd.in/gGMu82kW #privatejet #privatecharter #aviation

According to Reuters, Alaska Airlines has received $61 million in supplier credit from Boeing as additional compensation for the inconvenience and loss of profits caused by the incident regarding AS1282 and the subsequent grounding of all Boeing 737 MAX 9 aircraft. Read more at: https://lnkd.in/d8ZfUb9i #AviationTalk #aviationnews #avgeek #aviation

Whether in the air, or on the ground, arriving or departing, underneath every journey are hundreds of hands, dedicated to the details. https://ow.ly/Q0FY50PWyH3 #Aviation #BusinessAviation #AviationCareers