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Aerospace & Defense Industries

Boeing agrees to $2.5bn US settlement over 737 MAX crashes

Airplane maker still on the hook for disasters in Indonesia and Ethiopia

The settlement includes a criminal fine of over $243 million and compensation to airline customers of nearly $1.8 billion, according to the U.S. Justice Department.   © Reuters

WASHINGTON/SEATTLE/CHICAGO (Reuters) -- Boeing Co will pay over $2.5 billion to resolve a U.S. investigation into criminal conspiracy charges related to two fatal 737 MAX crashes, the Justice Department said, but the planemaker will not be required to plead guilty.

The settlement includes a criminal fine of $243.6 million, compensation payments to Boeing's 737 MAX airline customers of $1.77 billion, the Justice Department said. It also establishes a $500 million crash-victim beneficiaries fund to compensate heirs, relatives, and legal beneficiaries of passengers killed.

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