Boeing to Plead Guilty to Criminal Fraud Over 737 Max Crashes

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on Sunday, Boeing agreed to plead guilty to criminal fraud over the two crashes of the 737 Max plane in 2018 and 2019 in Ethiopia and Indonesia.: Boeing has agreed to pay $487.2 million in penalties, and over the next three years, the company will spend at least $455 million to bolster safety and compliance programs. A U.S. judge must now approve the settlement in order for Boeing to avoid the drama of a criminal trial, which the victims' families have been advocating.

It will pay up to $487 million in fines — a fraction of the $24.8 billion that families of crash victims wanted the aircraft maker to pay. The families of...Boeing has agreed to plead guilty to a criminal fraud conspiracy charge after the US found the company violated a deal meant to reform it after two fatal crashes by its 737 Max planes that killed 346 passengers and crew.

 

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