$BA Settles With DOJ for $2.5 Billion

Interesting Engineering headline: Boeing to pay $2.5 billion in criminal probe into the 737 Max, $243.6 million in fines to avoid prosecution

Sub-headline: Boeing to pay $243.6 million in fines for deceiving customers on the safe

https://interestingengineering.com/transportation/boeing-to-…

Boeing, the giant airliner manufacturer, will pay more than $2.5 billion in fines and compensation as a settlement with the United States Department of Justice (DOJ). This is based on the two crashes that killed a total of 346 people and lead to the grounding of the 737 MAX jetliner.

The settlement which, allowed Boeing to avoid prosecution on criminal charges, includes a fine of $243.6 million, compensation to airlines of $1.77 billion and a $500 million crash-victim fund. All of this over fraud conspiracy charges related to the plane’s flawed design.

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$BA monthly chart (showing its lowest close since 2017)

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