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’s employees chose the path of profit over candor by concealing material information from the FAA concerning the operation of its 737 MAX airplane and engaging in an effort to cover up their deception,” Burns said, referring to the Federal Aviation Administration.Lawyers for families of victims of the Ethiopian Airlines crash said the settlement strengthens civil litigation in Chicago, where Boeing is based.
FILE PHOTO: The Boeing logo is displayed on a screen, at the New York Stock Exchange in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid/File Photo Boeing, the largest U.S. airplane manufacturer and the world’s second largest behind Europe’s Airbus following the grounding, was charged with one count of conspiracy to defraud the United States. It faces a three-year deferred prosecution agreement, with the charge dismissed if it complies.
The deferred prosecution agreement says one employee wrote to another in 2014 that if the FAA required higher-level training it would “cost Boeing tens of millions of dollars!”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.