Boeing has agreed to compensate $200m if the 737 Max crashes
Sources : google
Boeing has accepted $200 million in penalties to resolve Securities and Exchange Commission charges that the company deceived investor
Sources : google
and the general public about the security of its 737 Max following two crashes of the planes crashed between 2018 and in 2019 which killed 346 people.
Sources : google
The investigation revealed the two crashes had been caused by a flaw in the computerized flight controller known as MCAS.
Sources : google
The first crash occurred in Indonesia in October of 2018 The second plane was destroyed in Ethiopia in March of 2019.
Sources : google
Boeing's $200 million fine, Muilenburg will be paying $1 million,
Sources : google
however neither the company nor Muilenburg admits any wrongdoing.
Sources : google
In the year 2000, Boeing agreed to pay $2.5 billion in fines and compensation
Sources : google
in order to settle a criminal investigation into the design and the certification for the 737
Sources : google
Justice Department charged Boeing with fraud and conspiracy, claiming that the manufacturer of the plane fraudulently bilked the FAA in the process of certifying the 737 Max.
Sources : google
Justice Department charged Boeing with fraud and conspiracy, claiming that the manufacturer of the plane fraudulently bilked the FAA in the process of certifying the 737 Max.