(FILES) In this file photo taken on March 27, 2019, employees work on Boeing 737 MAX airplanes at the Boeing Renton Factory in Renton, Washington. - US manufacturers are seeing the first hints of a tentative recovery but conditions for the industry were nonetheless terrible in May, according to an industry survey released June 1, 2020. The Institute for Supply Management's (ISM) monthly manufacturing survey was worse than expected and showed the continuing headwinds facing a key sector in the world's largest economy even as major firms restart production. And with social distancing protocols being enforced at major manufacturers who have restarted production like Boeing and the Detroit automakers, Fiore warned that the recovery may only bring manufacturing back to levels below what they were before the pandemic. (Photo by Jason Redmond / AFP)
American plane builder Boeing will compensate giant German tour operator TUI over the grounding of its troubled 737 MAX aircraft, TUI said Wednesday.
While the companies did not reveal financial details of the settlement, TUI said it covered "a significant portion of the financial impact" from the grounding of its existing 737 MAX fleet, "as well as credits for future aircraft orders".
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