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Originally published by Capital Business
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business
June 5, 2025
6mo ago

Boeing agrees $1.1bn deal over fatal 737 Max crashes

Boeing agrees $1.1bn deal over fatal 737 Max crashes

  JUN 5 - Boeing has agreed to pay $1.1bn (£811.5m) to avoid prosecution over two fatal airline crashes that killed 346 people. The payments are part of a Kenya breaking news | Kenya news today |..

✨ Key Highlights

Boeing has reached a $1.1 billion settlement with the US Justice Department over two fatal 737 Max crashes that resulted in the deaths of 346 people.

  • Settlement includes $444.5 million for victims' families and $455 million for compliance improvements.
  • Boeing will also pay a criminal penalty of $487.2 million, with prior payments taken into account.
  • The crashes occurred in October 2018 and March 2019, linked to faulty flight control systems.

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