Boeing agrees to pay over $2.5b in penalties over 737 Max debacleShare this with more people! US aircraft manufacturer Boeing has agreed to pay more than $2.5 billion to settle criminal charges over allegations of fraud and conspiracy over its crisis-ridden 737 Max jet, the US Department of Justice said on Thursday. Boeing had been suspected of rushing its best-selling 737 Max model series to market and neglecting safety, after two crashes that killed a total of 346 people. Boeing said in a statement that the Justice Department’s penalties were about the conduct of two ex-employees. Part of the penalties includes paying $500 million in additional compensation to the families of those lost in the Lion Air and Ethiopian Airlines accidents, Boeing said.

Source: Ethiopian News January 08, 2021 15:00 UTC