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UPDATE 5-Boeing to pay $2.5 bln to settle U.S. criminal probe into 737 MAX crashes


08 Jan 2021 / 10:53 H.
(Adds lawmaker criticism)
By David Shepardson, Eric M. Johnson and Tracy Rucinski
WASHINGTON/SEATTLE/CHICAGO, Jan 7 (Reuters) - Boeing Co will pay more than $2.5 billion in fines and compensation after reaching a settlement with the U.S. Department of Justice over two plane crashes that killed a total of 346 people and led to the grounding of its 737 MAX jetliner.
The settlement, which allows Boeing to avoid prosecution, includes a fine of $243.6 million, compensation to airlines of $1.77 billion and a $500 million crash-victim fund over fraud conspiracy charges related to the plane s flawed design.
Boeing said it would take a $743.6 million charge against its fourth-quarter 2020 earnings to reflect the deferred prosecution agreement, a form of corporate plea bargain. Boeing had put aside reserves of $1.77 billion in prior quarters to provide for compensation to airlines. ....

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Boeing To Pay 2 5 Billion To Settle US Criminal Probe Into 737 MAX Crashes


BW Businessworld
Boeing To Pay $2.5 Billion To Settle US Criminal Probe Into 737 MAX Crashes
The $243 million fine, which the Justice Department said was at low end of the sentencing guidelines, represents the amount of money Boeing saved by not implementing full-flight simulator training for the 737 MAX,
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Boeing Co will pay more than $2.5 billion in fines and compensation after reaching a settlement with the U.S. Department of Justice over two plane crashes that killed a total of 346 people and led to the grounding of its 737 MAX jetliner.
The settlement, which allows Boeing to avoid prosecution, includes a fine of $243.6 million, compensation to airlines of $1.77 billion and a $500 million crash-victim fund over fraud conspiracy charges related to the plane s flawed design. ....

United States , Peter Defazio , David Calhoun , David Burns , Michael Stumo , Us Congress , Infrastructure Committee , Ethiopian Airlines , Justice Department , Lion Air , Aviation Administration , Us Department Of Justice , Aircraft Evaluation Group , Assistant Attorney General David Burns , Federal Aviation , House Transportation , Boeing Chief Executive David Calhoun , Boeing Share , ஒன்றுபட்டது மாநிலங்களில் , பீட்டர் டெபாசியோ , டேவிட் கால்ஹவுன் , டேவிட் தீக்காயங்கள் , எங்களுக்கு காங்கிரஸ் , உள்கட்டமைப்பு குழு , எத்தியோப்பியன் விமான நிறுவனங்கள் , நீதி துறை ,