DALLAS – The US Securities and Exchange Commission (SEC) announced Thursday that Boeing will pay US$200m and former CEO Dennis Muilenburg will pay US$1m to resolve claims that they misled investors following two fatal 737 MAX crashes.
The 346 passengers on board the two Boeing 737 MAX aircraft perished in the October 2018 and March 2019 crashes, which caused the jetliners to be grounded globally. In late 2020, the grounding was initially lifted.
In the midst of the prolonged grounding of the planes and the former CEO’s comments on when he anticipated regulators would give the planes the all-clear to resume flying, read more ⇒
Source:: “Airways Magazine”