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Southwest, Boeing reach deal on 737 Max

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Southwest Airlines announced it reached a compensation agreement with Boeing over the latter company's grounded 737 Max jets.

Southwest officials did not disclose the terms of the deal. However, the airline announced plans to share $125 million with its employees.

CNBC reports Southwest is the largest operator of the  Boeing 737 Max, which has been grounded since mid-March after two deadly crashes.

Read more from CNBC.

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