• Reuters

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American Airlines Group Inc. said on Monday it had reached a confidential agreement with Boeing Co, to address damages the airline incurred in 2019 due to the ongoing grounding of its fleet of Boeing 737 Max aircraft.

American, the largest U.S. airline, said the compensation will be received over several years. The airline will use more than $30 million of the compensation for the airline’s 2019 employee profit-sharing program.

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