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Turkish Airlines, Boeing reach compensation deal

Christian Fernsby |
Turkish Airlines and U.S. aircraft maker Boeing have agreed on compensation for losses from grounded and undelivered aircraft, Turkey's flag carrier announced in a statement on Tuesday.

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"Boeing will cover some of our loss and the revenue that we cannot generate because our grounded aircraft are not used in operations," said the statement on a public disclosure platform.

The flag carrier stressed the difficulties it faced due to the grounding of Boeing’s 737 Max aircraft, which has faced a troubled year.

Close contact between the two companies was "never cut," Turkish Airlines added.

Boeing's top-selling aircraft model was grounded worldwide after two crashes which killed hundreds of people and cost the company billions of dollars.

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