Boeing Reaches $2.5 Billion Settlement of U.S. Probe Into 737 MAX Crashes
January 07 2021 - 4:55PM
Dow Jones News
By Dave Michaels and Andrew Tangel
Boeing Co. has reached a $2.5 billion settlement with the
Justice Department in which it plans to admit wrongdoing to resolve
a criminal investigation into whether its employees misled
regulators about safety issues two deadly crashes of the 737 MAX,
according to court filings.
--that resulted in
The settlement, which was filed Thursday in Dallas federal
court, would lift a legal cloud that has hung over Boeing for about
two years since the crashes. Federal prosecutors had been
investigating Boeing's high-profile lapses in informing the Federal
Aviation Administration about 737 MAX safety shortcomings before
and after the tragedies.
The settlement includes a $243 million fine as well as $2.2
billion in compensation to airline customers and families of 346
people who were killed in two MAX crashes.
Write to Dave Michaels at dave.michaels@wsj.com and Andrew
Tangel at Andrew.Tangel@wsj.com
(END) Dow Jones Newswires
January 07, 2021 16:40 ET (21:40 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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