Boeing pleads guilty to criminal fraud charge, pays $243.6m fine for 2018-19 737 Max crashes.

Boeing has agreed to plead guilty to a criminal fraud conspiracy charge and pay a fine of $243.6 million to resolve a U.S. Justice Department investigation into the 2018 and 2019 Boeing 737 Max crashes. The company has faced numerous issues and setbacks in the past few years, including delays in deliveries, manufacturing defects, and grounding of the 737 Max by various countries. The 737 Max was grounded in 2019 following fatal crashes in Indonesia and Ethiopia and has since resumed limited operations. Boeing has been implementing safety measures and addressing concerns raised by regulators, though the process has been ongoing and marked by continued challenges.

July 08, 2024
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