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Transcripts For BBCNEWS World Business Report 20210108

Back to work we start with boeing, and the safety scandal over the 737 max. The plane maker has agreed to pay 2. 5 billion to settle us criminal charges that it hid information from safety officials about the design of the aircraft. 500 million of that will go to the families of the 346 People Killed in two crashes in ethiopia and indonesia. Prosecutors say boeing put profits ahead of honesty, as katie silver explains. They accuse boeing of one count of conspiring to defraud the United States, and that is because they allege that two pilots from boeing deliberately lied and tried to cover up information about exactly how their Safety Systems function. So we have heard from the justice department. They say that the company put profit over candour. They say they we re over candour. They say they were fraudulent and deceptive, engaging in half truths and a cover up. Of this 200 billion pay out, we expect the vast majority of that to go to airlines, about 1. 8 billion, as well as 500 milli

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