Boeing will pay $2.5 billion to settle criminal fraud charges over 737 Max
Boeing’s payment will go to airlines harmed by the plane’s grounding and crash victims’ families.
Boeing 737 Max jets sit parked in Renton, Wash., in 2019.(Elaine Thompson / AP)
Federal prosecutors filed criminal fraud charges Thursday against airplane maker Boeing Co. for “impairing, obstructing, defeating and interfering” with U.S. regulators’ attempts to properly certify the 737 Max and its faulty software program before two fatal crashes.
As part of a deferred prosecution deal, Boeing agreed to pay $2.5 billion, including setting up a $500 million fund to pay claims by families of the 346 victims, according to the U.S. attorney for the Northern District of Texas, where the charges were filed.
Bloomberg: Southwest Airlines won t reduce workforce as previously planned
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Southwest won t reduce workforce as previously planned due to approval of stimulus bill, Bloomberg reports
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