Boeing to avoid prosecution over 737 MAX crashes
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On Friday, May 23, the United States Justice Department announced it reached a deal with Boeing for allegedly misleading U.S. regulators about its 737 Max airplane before two crashes five months apart that killed 346 people.
Many relatives of the passengers who died in the Boing 2018 and 2019 crashes have spent years pushing for a public trial.
4hon MSN
The U.S. Department of Justice said Boeing must pay $1.1 billion, including $445 million for the crash victims' families.
Boeing’s fundamentals have been improving, but the recent spike up in the stock seems to be more about investors being afraid not to own it, Vertical Research said.
In its fourth annual safety report since the deadly MAX crashes, Boeing laid out a multi-pronged safety plan and said it's seeing progress.
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