Investing.com investing.com 07 Jan, 2021 23:45 am

Boeing agrees to $2.5 billion settlement of U.S. criminal probe into 737 MAX crashes By Reuters

Boeing agrees to $2.5 billion settlement of U.S. criminal probe into 737 MAX crashes By Reuters
Boeing agrees to $2.5 billion settlement of U.S. criminal probe into 737 MAX crashes

investigation into criminal conspiracy charges related to two deadly 737 MAX crashes that killed 346 people, the Justice Department said, but the plane maker will not be required to plead guilty.6 million and compensation payments to Boeing’s 737 MAX airline customers of $1.The 737 MAX crashes in Indonesia and Ethiopia killed 346 people within five months in 2018 and 2019."Boeing’s employees chose the path of profit over candor by concealing material information from the FAA concerning the operation of its 737 Max airplane and engaging in an effort to cover up their deception.

In March, 2019, the 737 Max was grounded.Boeing admitted in court documents that two of its 737 MAX flight technical pilots deceived the FAA about a safety system called MCAS, which was tied to both fatal crashes.

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