Boeing to pay $2.5bn over 737 Max conspiracy

Addis Ababa, January 8, 2021 (FBC) -Boeing has agreed to pay $2.5 billion to settle US criminal charges that it hid information from safety officials about the design of its 737 Max planes.

The US Justice Department said the firm chose “profit over candour”, impeding oversight of the planes, which were involved in two deadly crashes.

About $500m will go to families of the 346 people killed in the tragedies.

Boeing said the agreement acknowledged how the firm “fell short,” according to BBC.