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Saturday, November 26, 2022

Boeing to pay $2.5 billion to settle U.S. criminal probe into 737 MAX crashes | Reuters

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Boeing Co is mandated to pay more than $2.5 billion in fines and compensation after settling with the U.S. Department of Justice over two plane crashes that killed a total of 346 people.  The settlement includes a fine of $243.6 million, compensation to airlines of $1.77 billion, and a $500 million crash-victim fund over fraud conspiracy charges related to the plane’s flawed design. It faces a three-year deferred prosecution agreement, with the charge dismissed if it complies. The 737 MAX was grounded in March 2019, and it was not lifted until November 2020, after Boeing made significant safety upgrades and improvements in pilot training.

Source: https://www.reuters.com/article/boeing-737max-justice-int/boeing-to-pay-2-5-billion-to-settle-u-s-criminal-probe-into-737-max-crashes-idUSKBN29D07Q

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