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American Airlines plans to share Boeing settlement with employees

RENTON — American Airlines said it’s talking to Boeing about compensation for grounded planes and vows to share some of the proceeds with airline employees.

American had 24 Boeing 737 Max jets when the planes were grounded in March after two deadly crashes. The airline has canceled thousands of flights due to the missing planes.

Boeing is negotiating with American and other airlines regarding compensation for the grounded planes. It has estimated the cost at $5.6 billion.

Several other 737 Max customers have recently reached agreements with the manufacturer, but the final amounts aren’t yet clear because the grounding is still in effect. Compensation for American Airlines could be in the form of cash, spare parts or training assistance.

The airline said they hope to make some of that compensation eligible for employee profit-sharing.