The 737 MAX crashes in Indonesia and Ethiopia killed 346 people within five months in 2018 and 2019. They triggered a hailstorm of investigations, frayed U.S. leadership in global aviation and have cost Boeing some $20 billion.
WASHINGTON/SEATTLE/CHICAGO: Boeing Co will pay over US$2.5 billion to resolve a U.S. investigation into criminal conspiracy charges related to two deadly 737 MAX crashes that killed 346 people, the Justice Department said, but the plane maker will not be required to plead guilty.
The settlement includes a criminal fine of $243.6 million and compensation payments to Boeing’s 737 MAX airline customers of $1.77 billion, the Justice Department said. It also establishes a $500 million crash-victim beneficiaries fund to compensate heirs, relatives, and legal beneficiaries of passengers killed.
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