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Boeing To Pay $2.5 Billion To Settle 737 MAX Issues With U.S.

Cal Biesecker By
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Boeing To Pay $2.5 Billion To Settle 737 MAX Issues With U.S.
Boeing President and CEO Dave Calhoun. Photo: Boeing

Boeing [BA] on Thursday agreed to a pay a $2.5 billion fine to resolve the U.S. government’s investigation into the company’s 737 MAX passenger aircraft, which has been grounded since March 2019 following two catastrophic crashes of the aircraft that month and in October 2018 that resulted in 346 people being killed. The settlement with the Department of Justice includes a $243.6 million penalty, $500 million in additional payments to the families of those lost in the two crashes, and…

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