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TUI, Boeing Agree On Package To Cover Financial Impact Of 737 MAX Grounding

TUI (TUIFF.PK) said the company has agreed on a comprehensive package of measures with Boeing (BA) to offset the consequences of the grounding of the 737 MAX. The agreement provides compensation which covers a significant portion of the financial impact, as well as credits for future aircraft orders. The compensation will be realised over the next two years.

The companies have agreed to a revised delivery schedule for the 61 737 MAX aircraft on order. On average, compared with the original scheduling, the 737 MAX deliveries will be delayed by approximately two years.

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