January 7th, 2021 in Podcast. Closed
Ethiopian officials deliver the Black Box for Ethiopian Airlines Flight 302 to the headquarters of France s BEA air accident investigation agency in Le Bourget, France on March 14, 2019. As NPR reports the families of the passengers who died in the crash will be compensated from a fund of $500 million. (Reuters photo)
Boeing To Pay $2.5 Billion Over 737 Max Fraud, Faces No Other Charges
Boeing will pay more than $2.5 billion to settle criminal charges that it repeatedly concealed and lied about the 737 Max’s engineering problems that led to two catastrophic crashes claiming hundreds of lives.
The company admitted to one count of conspiracy to defraud the United States as part of the deferred prosecution agreement announced on Thursday and will face no further charges from the U.S. Department of Justice.
By Bill Galluccio
Jan 8, 2021
Boeing has entered into a deferred prosecution agreement to settle criminal charges for impeding the investigation into the crashes of Lion Air Flight 610 and Ethiopian Airlines Flight 302. Boeing agreed to pay more than $2.5 billion to settle a criminal charge related to a conspiracy to defraud the Federal Aviation Administration s Aircraft Evaluation Group.
Federal prosecutors accused Boeing of deceiving the FAA about an important aircraft part called the Maneuvering Characteristics Augmentation System (MCAS) that impacted the flight control system of the Boeing 737 MAX. The MCAS system was found to be at fault for both crashes. Today s deferred prosecution agreement holds Boeing and its employees accountable for their lack of candor with the FAA regarding MCAS, said Special Agent in Charge
By Bill Galluccio
Jan 8, 2021
Boeing has entered into a deferred prosecution agreement to settle criminal charges for impeding the investigation into the crashes of Lion Air Flight 610 and Ethiopian Airlines Flight 302. Boeing agreed to pay more than $2.5 billion to settle a criminal charge related to a conspiracy to defraud the Federal Aviation Administration s Aircraft Evaluation Group.
Federal prosecutors accused Boeing of deceiving the FAA about an important aircraft part called the Maneuvering Characteristics Augmentation System (MCAS) that impacted the flight control system of the Boeing 737 MAX. The MCAS system was found to be at fault for both crashes. Today s deferred prosecution agreement holds Boeing and its employees accountable for their lack of candor with the FAA regarding MCAS, said Special Agent in Charge
Publishing date: Jan 07, 2021 • January 7, 2021 • 1 minute read •
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WASHINGTON/SEATTLE Boeing Co will pay over $2.5 billion to resolve the U.S. Justice Department’s investigation into two deadly 737 MAX crashes that killed 346 people, the Justice Department said, but will not be forced to plead guilty to criminal charges.
The Justice Department said the settlement includes a criminal monetary penalty of $243.6 million, compensation payments to Boeing’s 737 MAX airline customers of $1.77 billion, and the establishment of a $500 million crash-victim beneficiaries fund to compensate the heirs, relatives, and legal beneficiaries of the passengers.
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