Turkish Airlines has reached a deal with Boeing regarding compensation for the financial impacts brought upon by the grounding of the MAX, according to Fox Business.
The airline did not specify the amount of the deal, but a Turkish newspaper has reported that the deal includes $150 million USD in compensation for financial loss and $75 million for spare parts and training.
Before the grounding of the aircraft in March, Turkish had received 12 MAX aircraft. The carrier was planning on bringing 75 MAX planes into its fleet, with 65 MAX 8s and 10 MAX 9s.
Turkish is one of the many carriers that had been seeking compensation from Boeing due to the grounding.
Southwest Airlines, the largest operator of the MAX, had stated that they reached a deal totaling $830 million in 2019. European carrier TUI, an operator of six MAX aircraft, said that they are still in talks with Boeing but had losses totaling up to 400 million euros ($448 million) due to the grounding.
While Turkish Airlines had been prepared to take legal action against Boeing, the carrier still has orders with the manufacturer. The carrier has increased the number of 737-800s in its 2020 fleet plan from 75 to 88.
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