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Boeing will pay a $2.5 billion fine to settle fraud conspiracy charges, federal prosecutors said Thursday.
Company employees were misleading or outright lied to safety regulators during the recertification process for the 737 Max jet, the Department of Justice said.
The 737 Max returned to the skies last month following two deadly crashes and a nearly two-year grounding.
Shares of Boeing fell slightly in late trading after the settlement was announced.
Boeing has agreed to pay a $2.5 billion criminal penalty to settle charges of fraud conspiracy related to its 737 Max scandal, federal officials said Thursday.
The airplane maker attempted to defraud the Federal Aviation Administration through misleading statements and half-truths as it worked with regulators to rectify issues with the plane, which was grounded after two deadly crashes, the Department of Justice said.
Plane manufacturer Boeing will pay out more than $2.5bn to resolve a US investigation into the deadly 737 MAX disasters, the country s Justice Department has said.
In a statement, America s government said the settlement included a criminal penalty of $243.6m and compensation to the firm s customers of $1.77bn.
Boeing will also set up a fund of $500m to compensate the families of those who died in the Ethiopian Airlines and the Lion Air crashes.
The 737 Max model has been grounded since March 2019 following the two fatal crashes in which 346 people were killed.
In November, the US aviation regulator
cleared the way for its return to US skies, followed a week later by the European Union Aviation Safety Agency (EASA) confirming plans to also give its approval.
Boeing agrees to $2 5 billion settlement to resolve U S criminal probe into 737 MAX crashes netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
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US fines Boeing $2 5bn following fraud charges tied to 737 Max crashes msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.