Boeing has granted USD61 million worth of supplier credit memos to Alaska Air Group to be used for future Boeing purchases, the airline holding announced in its quarterly financial results.
The credit notes were issued after the end of the first quarter of 2024 and are in addition to the USD162 million cash payment Boeing made to the firm to compensate for the losses it incurred due to the grounding of Alaska Airlines' B737-9 fleet, following a mid-air cabin panel blowout in early January.
This compensation was accounted for as a reduction in the cost basis of certain B737-9s, Alaska Air Group said.
In April 2024, United Airlines (UA, Chicago O'Hare) entered into an undisclosed agreement with Boeing also over the MAX 9 crisis. The carrier reported a USD124 million net loss in the first quarter, including damages of about USD200 million from the MAX 9 grounding.