David Shepardson, Eric M. Johnson, Tracy Rucinski
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Boeing to pay $2.5 billion to settle U.S. criminal probe into 737 MAX crashes

Boeing to pay $2.5 billion to settle U.S. criminal probe into 737 MAX crashes

By , , WASHINGTON/SEATTLE/CHICAGO (Reuters) -Boeing Co will pay more than $2.5 billion in fines and compensation after reaching a settlement with the U.S. Department of Justice over two plane crashes that killed a total of 346 people and led to the grounding of its 737 MAX jetliner.The settlement, which allows Boeing to avoid prosecution, includes a fine of $243.6 million, compensation to airlines of $1.77 billion and a $500 million crash-victim fund over fraud conspiracy charges related to the plane’s flawed design.Boeing said it would take a $743.6 million charge against its...

January 8, 2021
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