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

SAO PAULO (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.

(Reporting by Marcelo Rochabrun; Editing by Chizu Nomiyama)