TUI strikes compensation deal with Boeing, delays 737 MAX deliveries

LONDON (Reuters) - Europe's biggest travel company, TUI Group, said it has struck a deal with Boeing for compensation and deferred deliveries of the grounded 737 MAX jet, boosting its finances as it seeks to survive the coronavirus pandemic. Shares in TUI rose 7% on news of the deal. The company's London-listed shares have halved in value since the beginning of the year, after TUI was hammered by the coronavirus outbreak which halted its activities in March. TUI said last month it needed to cut..