Boeing to pay over $1 billion to avoid criminal trial in 737 Max crash cases
Boeing has agreed to pay $1.1 billion to settle a US Department of Justice (DOJ) investigation into two deadly crashes involving its 737 Max aircraft that killed a total of 346 people. The settlement, announced this week, would allow the aerospace giant to avoid a criminal fraud trial that was scheduled to begin on 23 June, pending approval from a federal judge.
A Boeing spokesperson stated, 'Boeing is committed to complying with its obligations under this resolution, which include a substantial additional fine and commitments to further institutional improvements and investments.'
The deal includes several financial components:
The settlement follows two similar and devastating crashes involving Boeing's 737 Max jets:
Both incidents were linked to faulty flight control systems, specifically the aircraft's Maneuvering Characteristics Augmentation System (MCAS), which repeatedly forced the planes into nose-dives.
Boeing has publicly acknowledged the need for change. 'We are deeply sorry for their losses, and remain committed to honouring their loved ones' memories by pressing forward with the broad and deep changes to our company,' the company said in a statement.
If the court approves the settlement, Boeing will avoid criminal prosecution.
(With inputs from BBC)
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Download the News18 App to stay updated! tags : donald trump elon musk Jeffrey Epstein Location : New Delhi, India, India First Published: June 06, 2025, 12:05 IST News world Elon Musk Vs Donald Trump: Why Epstein Files Are Back In Headlines
