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Boeing Pays $2.5B to Settle Charges Tied to the 737 MAX Crashes

Boeing has agreed to pay just over $2.5 billion to resolve a federal charge of “criminal misconduct” for how its employees misled regulatory officials during certification of the 737 MAX, the Department of Justice announced Thursday.

Of that amount, only $243.6 million, less than 10%, is a fine paid to the U.S. government for the criminal conduct, “which reflects a fine at the low end” of the sentencing guidelines, the court agreement states.

The rest includes an additional $500 million Boeing commits to pay in compensation to the families of the 346 people who died in two crashes of the MAX.

However, 70% of the $2.5 billion cited in the settlement, or $1.77 billion, is compensation to Boeing’s airline customers that the company has already agreed to pay. (Indeed, that’s just a fraction of what it has agreed to pay them.)

Read the source article at The Seattle Times

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