Boeing Co will pay over US$2.5 billion to resolve the Justice Department’s investigation into two deadly 737 MAX crashes that killed 346 people, the Justice Department said.

FILE PHOTO: The Boeing logo is displayed on a screen, at the NYSE in New York

FILE PHOTO: The Boeing logo is displayed on a screen, at the New York Stock Exchange (NYSE) in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid/File Photo

WASHINGTON: Boeing Co will pay over US$2.5 billion to resolve the Justice Department’s investigation into two deadly 737 MAX crashes that killed 346 people, the Justice Department said.

The Justice Department said the settlement includes a criminal monetary penalty of US$243.6 million, compensation payments to Boeing’s 737 MAX airline customers of US$1.77 billion, and the establishment of a US$500 million crash-victim beneficiaries fund to compensate the heirs, relatives, and legal beneficiaries of the passengers.

(Reporting by David Shepardson; Editing by Chris Reese)



READ SOURCE

READ  Discover Taichung’s #Instaworthy Art District

LEAVE A REPLY

Please enter your comment!
Please enter your name here