Boeing to pay $2.5B settlement in criminal investigation over safety of 737 Max
Boeing will pay $2.5 billion US to settle a criminal charge of defrauding safety regulators in connection with the development of the 737 Max aircraft, which suffered two deadly crashes.
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The Associated Press ·
Posted: Jan 07, 2021 5:08 PM ET | Last Updated: January 7
Boeing has agreed to a $2.5 billion settlement in connection with its 737 Max. (Mike Siegel/Reuters)
Boeing will pay $2.5 billion US to settle a criminal charge of defrauding safety regulators in connection with the development of the 737 Max aircraft, which suffered two deadly crashes.
The U.S. Justice Department said Thursday that Boeing agreed to the settlement, which includes money for the crash victims families, airline customers and airlines, as well as a criminal fine.
The Boeing Company on Thursday (local time) agreed to pay over USD 2.5 million to resolve a criminal charge with the US Department of Justice after being accuse
NEW YORK: US prosecutors on Thursday hit Boeing with $2.5 billion in fines, settling a criminal charge over claims the company defrauded regulators overseeing the 737 MAX, which was grounded worldwide following two deadly crashes. The Department of Justice (DOJ) said Boeing reached a deferred prosecution agreement related to the company’s pronouncements to regulators during
Ethiopian Airlines Group CEO, Tewolde GebreMariam, visits the site of a catastrophic 737 MAX airplane crash Ethiopia just after the March 2019 incident. (Ethiopian Airlines Photo via Twitter)
Boeing says it’s entered into a $2.51 billion agreement with the U.S. Justice Department to resolve a criminal charge related to the Federal Aviation Administration’s evaluation of Boeing’s 737 MAX airplanes.
The deferred-prosecution agreement addresses a single charge of conspiracy to defraud FAA inspectors about the safety of the 737 MAX’s automated flight control system. Investigators say changes to a component known as the Maneuvering Characteristics Augmentation System, or MCAS, were to blame in a pair of catastrophically fatal 737 MAX crashes that occurred in Indonesia in October 2018 and in Ethiopia in March 2019.