May 13, 2020 / 1:18 PM / in 15 days

Boeing to pay Brazil airline Gol $412 million for 737 MAX groundings

SAO PAULO, May 13 (Reuters) - Brazil airline Gol Linhas Aereas Inteligentes said Wednesday it will receive a total of 2.4 billion reais ($412.03 million) from Boeing Co as compensation for the grounding of the 737 MAX plane, which has not flown in over a year.

The timing of the payments have become a lifeline for Gol that, as its peers worldwide, is reeling because of the coronavirus crisis. ($1 = 5.8248 reais) (Reporting by Marcelo Rochabrun Editing by Chizu Nomiyama)

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