Boeing will pay $200 million to settle an investigation into its misleading claims following two deadly crashes of its 737 Max aircraft. Federal regulators said Thursday that Boeing executives deceived shareholders after the crashes in 2018 and 2019 killed 346 people. A Boeing 737 Max lands in Seattle on Sept. 30, 2020 during a test flight. (Elaine Thompson/AP)Muilenburg agreed to pay $1 million out of his own pocket, according to an SEC press release. The SEC said its investigation revealed Boeing executives knew about the problems with the 737 Max, specifically its flight-control system, but kept them hidden.

Source: Ethiopian News September 23, 2022 00:42 UTC