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Tuesday, May 14, 2024

Boeing Reaches $2.5 Billion Settlement of U.S. Probe Into 737 MAX Crashes

Boeing 737 MAX airliner piloted by FAA Administrator Steve Dickson taxis for a two-hour evaluation flight at Boeing Field in Seattle, Washington on Sept 30. U.S. prosecutors hit Boeing with a $2.5 billion fine to settle charges the company defrauded regulators over the 737 MAX.

Boeing Co. will pay $2.5 billion to resolve a Justice Department criminal investigation and admit employees deceived aviation regulators about safety issues that led to two deadly crashes of the 737 MAX, authorities said.

The settlement, which was filed Thursday in Dallas federal court, would lift a legal cloud that has hung over the aerospace company for about two years since the fatal crashes. Federal prosecutors had been investigating the role of two Boeing employees who interacted with the Federal Aviation Administration about…

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