Boeing To Pay $940 Million After Boeing Max Crashes

Courthouse News reports:

Boeing will plead guilty to one count of conspiracy and the company’s board will pay over $940 million after the crashes of two 737 Max aircraft that killed 346 people, federal prosecutors told a federal judge Wednesday evening.

Prosecutors say in the proposed plea agreement filed Wednesday that the Virginia-based aerospace manufacturer will plead guilty to conspiracy to defraud the Federal Aviation Administration Aircraft Evaluation Group.

The Federal Aviation Administration grounded the 737 Max on March 13, 2019, after the deadly crashes of Lion Air Flight 610 five months earlier and Ethiopian Airlines Flight 302 three days earlier. The FAA allowed the 737 Max to return to service on Nov. 18, 2020.

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Boeing to pay $940 million following guilty plea in deadly 737 Max crashes @davejourno https://t.co/CaOroGqnbu

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