ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Aerospace & Defense

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more