Reported about 1 year ago
Boeing has agreed to plead guilty to a criminal fraud charge related to the approval of its 737 Max jets before two fatal crashes in Indonesia and Ethiopia, resulting in 346 fatalities. The plea deal involves paying a fine of $243.6 million, on top of another fine paid in 2021, and making safety improvements. The agreement awaits approval from a federal judge in Texas, with families of crash victims expressing outrage and seeking a trial for more accountability. The convictions would address Boeing's deception of regulators in certifying the 737 Max jets, while the company also faces investigations for other incidents and decreased orders for the Max planes affecting its business.
Source: YAHOO