On Tuesday, in a statement the Turkish Airlines and Boeing stated, they have come to an agreement on the compensation that will be paid to the former as a result of losses incurred by it due to the grounding and non-delivery of Boeing’s 737 Max aircraft.

A statement by Turkish Airlines to the Istanbul stock exchange did not quantify the value of the deal.

Turkish Airlines has 24 Boeing 737 MAX planes in its fleet.

Since March 2019, Boeing has grounded the 737 MAX following two crashes in Indonesia and Ethiopia killed 346 people within five months.

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Tags: agreement, aircraft, Boeing 737 MAX, Boeing Co, compensation, Ethiopia, grounding, Indonesia, Istanbul, non-delivery, stock exchange, Turkish Airlines