The New Paper

January 8, 2021

Boeing agrees to settle criminal charges related to 737 Max

Boeing agreed to pay $2.5B to settle criminal charges related to the 737 Max. The charges accused Boeing of concealing information from the Federal Aviation Administration during an investigation into two fatal crashes that killed 346 people in Indonesia (October 2018) and Ethiopia (March 2019). As part of the settlement, Boeing will establish a $500M fund for crash-victim beneficiaries. 

Extra: The 737 Max returned to service in the US for the first time in December.
This story is from the January 8, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.