Just Earth News | @indiablooms | 09 Jul 2024, 07:04 am Print
Boeing Photo Courtesy: Wikimedia Commons/SHAREALIKE 2.0 GENERIC
Aircraft manufacturing major Boeing has agreed to plead guilty to criminal fraud conspiracy charge after the United States found the company to be violating a deal which meant to reform it, following two major crashes by its 737 Max planes.
The accidents had left 346 passengers and crew dead.
The (DoJ) said the plane-maker had also agreed to pay a criminal fine of $243.6m (£190m), reported BBC.
The families of the victims of the crash, however, criticised the deal and described it as 'sweetheart' since it would enable Boeing to avoid full responsibility for the deaths.
A US judge now needs to approve the settlement.
By pleading guilty, Boeing will avoid the spectacle of a criminal trial - something that victims' families have been pressing for, reported BBC.
The premier aircraft manufacturing firm has been in crisis over the issue of safety since two identical crashes involving 737 Max aircraft in 2018 and 2019.
- USD 2.2 billion scam stopped: Apple reveals massive app store crackdown
- Samsung, Google just unveiled their new AI-powered smart glasses.All details here
- Meta begins layoff drive: 8,000 jobs to be cut in latest round
- AI confidence soars: Cognizant raises 2026 buyback target to $2 billion
- Apple’s June event could rewrite the future of tech—WWDC26 details inside
