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- Boeing has entered into an agreement with the U.S. Department of Justice to resolve a criminal charge relating to the company’s conspiracy to defraud the FAA in connection with the evaluation of the 737 MAX airplane. The settlement includes $500 million allocated for a crash-victim beneficiaries fund, which will compensate the heirs, relatives, and legal beneficiaries of 346 individuals who died in the two Boeing 737 MAX crashes—Lion Air Flight 610 on October 29, 2018, and Ethiopian Airlines Flight 302 on March 10, 201912.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The U.S. Department of Justice (“DOJ”) announced that Boeing has entered into an agreement in order to resolve a criminal charge relating to the company’s conspiracy to defraud the FAA in connection with the evaluation of the 737 MAX airplane. A portion of the settlement includes $500 million allocated for a crash-victim beneficiaries fund.www.kreindler.com/news/et302-boeing-737-max-8 …
Boeing agreed as part of the DPA to pay a total of over $2.5 billion, composed of a criminal monetary penalty of $243.6 million, compensation payments to Boeing’s 737 MAX airline customers of $1.77 billion, and a $500 million fund (Fund) to compensate the heirs, relatives, and legal beneficiaries of 346 individuals who died in the two Boeing 737 MAX crashes—Lion Air Flight 610 on October 29, 2018, and Ethiopian Airlines Flight...
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Boeing Settles Case in Ethiopian Air 737 Max Litigation (1)
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