Boeing is paying $200 million to settle federal allegations of investor fraud surrounding its 737 Max plane, two of which crashed in 2018 and 2019, killing a total 346 people. Muilenburg will pay an additional $1 million to settle the same charges, the agency said. Less than five months after that accident, Ethiopian Airlines flight 302 crashed shortly after takeoff near Addis Ababa, killing all 157 people on board. Last year, Boeing paid $2.5 billion to settle criminal charges filed by the Justice Department that it defrauded safety regulators in connection with the development of the 737 Max. Most of that money went to airlines whose 737 Max jets were grounded for nearly two years following the Lion Air and Ethiopian Airlines crashes.

Source: Ethiopian News September 22, 2022 23:08 UTC