Boeing to pay $2.5 bn to settle US fraud charges after MAX crashes

New York (AFP) – US prosecutors on Thursday hit Boeing with $2.5 billion in fines, settling a criminal charge over claims the company defrauded regulators overseeing the 737 MAX, which was grounded worldwide following two deadly crashes. The Department of Justice (DOJ) said Boeing reached a deferred prosecution agreement related to the company’s pronouncements to regulators during the certification of the MAX, which was taken out of service for 20 months after the crashes and only recently cleared to return to the skies. Prosecutors described Boeing’s failings in withering terms, accusing the …

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