World News

Mexico’s Aeromexico reaches compensation agreement with Boeing on MAX crisis

(Reuters) – Mexican airline Aeromexico <AEROMEX.MX> said on Monday it had reached a compensation agreement with Boeing Co <BA.N> in relation to the temporary grounding of the planemaker’s 737 MAX aircraft.

The airline did not disclose the size of the payment, but added that it remains in talks with Boeing and regulatory authorities.

Aeromexico grounded its 737 MAX aircraft on March 11, 2019.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Vinay Dwivedi)