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January 8, 2021 10:00 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/sIyWQdTh8d8/boeing-to-pay-25-billion-to-settle-us-probe-of-737-max-crashes
Boeing To Pay $2.5 Billion To Settle US Probe of 737 MAX Crashes
phalse phace shares a report from The Wall Street Journal: Boeing Co. will pay $2.5 billion to resolve a Justice Department investigation and admit employees misled aviation about safety issues linked to two deadly crashes of its 737 MAX jet, U.S. authorities said. Federal prosecutors had been investigating the role of two Boeing employees who interacted with the Federal Aviation Administration about the design of the 737 MAX and how much pilot training would be required for the new model. The settlement includes a $243 million fine as well as $2.2 billion in compensation to airline customers and families of the 346 people who perished in two MAX crashes. The plane maker was charged with one count of conspiracy to defraud the U.S., but will avoid prosecution on that charge as long as it avoids legal trouble for a period of three years. The deal also calls for Boeing to comply with any ongoing investigations, including probes by foreign law-enforcement and regulatory authorities, and to beef up compliance programs, according to its agreement with prosecutors.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/sIyWQdTh8d8/boeing-to-pay-25-billion-to-settle-us-probe-of-737-max-crashes
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