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Boeing To Pay $2.5 Billion Settlement Over Deadly 737 Max Crashes

Listen • 2:01
Rescuers work at the scene of an Ethiopian Airlines Boeing 737 Max that crashed near Bishoftu, or Debre Zeit, south of Addis Ababa, Ethiopia, in March 2019.
Boeing will pay more than $2.5 billion to settle a criminal charge related to the two 737 Max plane crashes in 2018 and 2019 that killed 346 people.
The Justice Department has announced that it has reached a deferred prosecution agreement with Boeing to resolve a charge of criminal conspiracy to defraud the FAA.
Boeing admits to criminal misconduct for misleading regulators about the safety of the troubled jetliner, but the airplane manufacturer is not pleading guilty to the charge. If Boeing complies with the terms of the settlement, in three years the government will drop the criminal charge. That s important for Boeing, a huge federal defense contractor, because a criminal conviction would prohibit the company from getting future government contracts. ....

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UPDATE 6-Boeing to pay $2.5 bln to settle U.S. criminal probe into 737 MAX crashes

(Adds analyst quote, background) By David Shepardson, Eric M. Johnson and Tracy Rucinski WASHINGTON/SEATTLE/CHICAGO, Jan 8 (Reuters) - Boeing Co will . ....

United States , Douglas Harned , Eric Johnson , David Shepardson , David Calhoun , Ericm Johnson , David Burns , Michael Stumo , Leslie Adler , Peter Defazio , Chris Reese , Barbara Lewis , Tracy Rucinski , Tim Hepher , Us Congress , Infrastructure Committee , Justice Department , Ethiopian Airlines , 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 to pay $2.5b to settle US probe into 737 MAX crashes

Boeing to pay $2.5b to settle US probe into 737 MAX crashes
08 Jan 2021
The settlement will allow Boeing to avoid further prosecution related to accidents involving 737 MAX jets.
Boeing Co will pay more than $2.5 billion in fines and compensation after reaching a settlement with the US 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. ....

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Boeing to pay Sh273.8b to settle US criminal probe into 737 MAX crashes

THE STANDARD
AMERICA
By Reuters | January 8th 2021
Ethiopian Federal policemen stand at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town of Bishoftu. [Reuters]
Boeing Co will pay more than Sh273.8 billion ($2.5 billion) in fines and compensation after reaching a settlement with the US 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 Sh26.7 ($243.6 million), compensation to airlines of Sh186 billion ($1.77 billion) and a Sh54.7 billion ($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 , Infrastructure Committee , Ethiopian Airlines , Us Department Of Justice , Justice Department , Ethiopian Airlines Flight , Lion Air , Aviation Administration , Aircraft Evaluation Group , Us Congress , Ethiopian Federal , Assistant Attorney General David Burns , Federal Aviation , House Transportation , Boeing Chief Executive David Calhoun , Boeing Co , Plane Crash Victims , ஒன்றுபட்டது மாநிலங்களில் , பீட்டர் டெபாசியோ , டேவிட் கால்ஹவுன் , டேவிட் தீக்காயங்கள் , உள்கட்டமைப்பு குழு ,

Audio: Boeing To Pay $2.5 Billion Settlement Over Deadly 737 Max Crashes

Boeing will pay more than $2.5 billion to settle a criminal charge related to the two 737 Max plane crashes in 2018 and 2019 that killed 346 people.
The Justice Department has announced that it has reached a deferred prosecution agreement with Boeing to resolve a charge of criminal conspiracy to defraud the FAA.
Boeing admits to criminal misconduct for misleading regulators about the safety of the troubled jetliner, but the airplane manufacturer is not pleading guilty to the charge. If Boeing complies with the terms of the settlement, in three years the government will drop the criminal charge. That s important for Boeing, a huge federal defense contractor, because a criminal conviction would prohibit the company from getting future government contacts. ....

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