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Boeing pays $US2.5 billion to settle MAX fraud charge

Boeing has agreed to pay more than $2.5 billion to settle a criminal charge related to a conspiracy to defraud the US Federal Aviation Administration over safety issues on the 737 MAX.

A deferred prosecution agreement with the Department of Justice resolves an ongoing investigation that has stalked the company for two years.

It will see the aerospace giant pay a criminal penalty of $US243.6m as well as compensation to airline customers of $US1.77 billion. It will also see it establish a $US500m crash-victim to compensate people related to the 346 passengers who died in two Boeing 737 MAX crashes.

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Source:: AirlineRatings.Com

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