Turkish Airlines has reached a financial agreement with Boeing over grounding of its 737MAX.
According to Turkey’s newspaper Hurriyet, the Boeing agreed to settle $225 million including $150 million in compensation and $75 million covering things such as spare parts and training.
The airline had 75 Boeing 737MAXs on order but the aircraft were globally grounding while the airline had taken delivery of 12 jets.
The 737MAS has been grounded since March 2019, and cost the plane manufacturer more than $9 billion so far.
Southwest Airlines, the world’s largest 737 MAX operator, said earlier in December that it had reached a confidential agreement with Boeing for a portion of a projected $830 million hit to operating income in 2019.
European charter airline TUI said on Tuesday that it was still in talks with Boeing after reporting that grounding cost it 293 million euros ($328.69 million).