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Airlines

Southwest Airlines reaches compensation agreement with Boeing

Dec 12 (Reuters) - Southwest Airlines Co said on Thursday it had reached a compensation agreement with Boeing Co for a portion of the projected financial damages related to the grounding of the 737 MAX aircraft.

The U.S. airline said it would share the proceeds of about $125 million from Boeing with its employees. (Reporting by Sanjana Shivdas in Bengaluru;Editing by Shinjini Ganguli)

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