Boeing's Criminal Fraud Charge for 737 Max Crashes

SOURCE www.npr.org
Boeing has agreed to plead guilty to a criminal fraud charge related to the crashes of two 737 Max jets in 2018 and 2019, paying a $243.6 million fine and investing $455 million in compliance and safety programs. Families of the victims are opposing the plea deal.

Key Points

  • Boeing to pay $243.6 million fine and invest $455 million in compliance and safety programs
  • Boeing to be subject to probation and an independent compliance monitor for three years

Pros

  • Boeing accepting responsibility for the crashes
  • Investing in compliance and safety programs

Cons

  • Opposition from families of the victims
  • Perceived leniency in the plea deal