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
WASHINGTON - Boeing Co will pay over $2.5 billion to resolve the Justice Department’s investigation into two deadly 737 MAX crashes that killed 346 people, the Justice Department said. The Justice Department said the settlement includes a criminal monetary penalty of $243.6 million, compensation payments to Boeing’s 737 MAX airline customers of $1.77 billion, and the establishment of a $500 million crash-victim beneficiaries fund to compensate the heirs, relatives, and legal beneficiaries of the passengers.
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Boeing 737 Max is returning to the skies over L.A.About two years after a pair of deadly crashes, the Boeing 737 Max plane is about to start flying passengers to and from Los Angeles International Airport again.
Source: latimes - 🏆 11. / 82 Read more »
WSJ News Exclusive | Boeing Board Failed to Challenge CEO on 737 MAX Safety, Lawsuit SaysBoeing’s board failed to challenge then-CEO Dennis Muilenburg on the safety of the 737 MAX or his campaign to counter negative news reports between two fatal crashes that claimed 346 lives, according to newly released portions of a shareholders’ lawsuit Does anybody think Board’s actually exercise independent judgement? Of course they did nothing. They are club members. Wow, glad I sold THAT stock! All Board members should resign. Appalling lack of judgment.
Source: WSJ - 🏆 98. / 63 Read more »
Boeing to pay $2.5 billion to settle U.S. criminal probe into 737 MAX crashesBoeing 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.
Source: Reuters - 🏆 2. / 97 Read more »
Boeing asks Delaware court to throw out investors' 737 MAX lawsuitBoeing Co asked a Delaware court to throw out a shareholders' lawsuit over the safety of its 737 MAX following fatal crashes, saying the board engaged in 'robust and well-established' oversight of jet's development.
Source: Reuters - 🏆 2. / 97 Read more »
Southwest to Buy 100 New Boeing 737 MAX JetsSouthwest said it is buying 100 new Boeing 737 MAX jets, a boost for the plane maker, which lost hundreds of orders during a prolonged grounding of the troubled jet and reduced demand for travel during the pandemic Southwest is awesome! Do you think this is what people really need right now? Food deal. Lol
Source: WSJ - 🏆 98. / 63 Read more »
Boeing wins biggest 737 MAX order since safety-ban lift from SouthwestU.S. planemaker Boeing Co said on Monday it sold 100 new 737 MAX-7 jets to long-time customer Southwest Airlines, in its biggest order win since the aircraft's safety ban was lifted in the United States late last year. Southwest had better get each and every plane thoroughly inspected and go over every inch with the pilots and cabin crew. Boeing had a better have fixed the problem too!! They owe the victims' families BIG TIME!!!
Source: Reuters - 🏆 2. / 97 Read more »