• Terms of Service
  • Privacy Policy
Breaking News From the World
  • Home
  • News
  • Analysis
  • Brokers
  • Tools
  • Education
  • Health
  • Forex
  • Crypto
No Result
View All Result
  • Home
  • News
  • Analysis
  • Brokers
  • Tools
  • Education
  • Health
  • Forex
  • Crypto
No Result
View All Result
Breaking News From the World
No Result
View All Result
Home News

Boeing Agreed to Pay The Fine

Erik Watts by Erik Watts
January 8, 2021
in News
0
Boeing Agreed to Pay The Fine
0
SHARES
8
VIEWS
Share on FacebookShare on Twitter

Boeing Agreed to Pay The Fine

Boeing can breathe a sigh of relief: After accepting a billion-dollar fine, the US judiciary refrains from further investigations against the aircraft manufacturer. The group had previously been accused of “covering up” after the crash of two 737 Max planes.

The US aircraft manufacturer Boeing will pay $ 2.5 billion, around two billion euros, a fine, and compensation in connection with the crash of two 737 Max planes. The US Department of Justice in Washington announced that the company had agreed to the fines. In return, the criminal proceedings against the company in the USA for conspiracy to commit fraud are reportedly suspended.

Boeing
Boeing 172.64

Two crashes in Indonesia and Ethiopia, with a total of 346 fatalities

The US attorney’s office accused Boeing of withholding information about the MCAS stabilization system from regulators. The system had played a crucial role in the two crashes in Indonesia and Ethiopia, with a total of 346 fatalities. In the event of an impending stall, it automatically presses the aircraft’s nose downwards, even if the pilots steer against it.

The company had put “profit over openness”, spread “half-truths” and “covered up” against the authorities, said the US prosecutor. The aircraft manufacturer reportedly has to pay a fine of $ 243.6 million, $ 1.77 billion in compensation to its customers, and $ 500 million for a compensation fund for the survivors of the crash victims.

130664506.jpg

Boeing had made a number of technical changes

CEO David Calhoun said the fine was “the right thing” given the company’s failures. It is “a serious reminder to all of us how important our obligation to transparency towards the supervisory authorities is and what consequences it can have for our company if one of us falls short of these expectations.”

The US authorities lifted a flight ban on the 737 Max in mid-November that had been in place for 20 months. The ban was imposed as a consequence of the two crashes. To get the green light to resume air traffic on the 737 MAX, Boeing had made a number of technical changes.

Boeing Agreed to Pay The Fine

You may also like:

Majority of Senate to Biden

 

Tags: 737 MaxBoeingBoeing CEO Dave CalhouneconomicsfinancingUSAwashington
Previous Post

Majority of Senate to Biden

Next Post

Biden Calls Trump supporters “Domestic Terrorists”

Next Post
Biden Calls Trump supporters "Domestic Terrorists"

Biden Calls Trump supporters "Domestic Terrorists"

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Terms of Service
  • Privacy Policy

© 2020 GL NEWS Accurate And Reliable News

No Result
View All Result
  • Home
  • News
  • Analysis
  • Brokers
  • Tools
  • Education
  • Health
  • Forex
  • Crypto

© 2020 GL NEWS Accurate And Reliable News

bitcoin
Bitcoin (BTC) $ 35,343.00
ethereum
Ethereum (ETH) $ 1,223.24
ripple
XRP (XRP) $ 0.276089
bitcoin-cash
Bitcoin Cash (BCH) $ 478.32
tether
Tether (USDT) $ 1.00
litecoin
Litecoin (LTC) $ 142.19
eos
EOS (EOS) $ 2.74
binancecoin
Binance Coin (BNB) $ 41.97
bitcoin-cash-sv
Bitcoin SV (BSV) $ 200.63
cardano
Cardano (ADA) $ 0.372750
stellar
Stellar (XLM) $ 0.300064
monero
Monero (XMR) $ 154.30
leo-token
LEO Token (LEO) $ 1.40
huobi-token
Huobi Token (HT) $ 5.19
iota
IOTA (MIOTA) $ 0.417101
tezos
Tezos (XTZ) $ 2.85
okb
OKB (OKB) $ 5.96
dash
Dash (DASH) $ 124.73
cosmos
Cosmos (ATOM) $ 8.45
ethereum-classic
Ethereum Classic (ETC) $ 7.63
neo
NEO (NEO) $ 23.00
usd-coin
USD Coin (USDC) $ 1.00
ontology
Ontology (ONT) $ 0.639989
crypto-com-chain
Crypto.com Coin (CRO) $ 0.076869
nem
NEM (XEM) $ 0.218613
maker
Maker (MKR) $ 1,468.73
zcash
Zcash (ZEC) $ 100.51
dogecoin
Dogecoin (DOGE) $ 0.009060
paxos-standard
Paxos Standard (PAX) $ 1.01
basic-attention-token
Basic Attention Token (BAT) $ 0.260973
vechain
VeChain (VET) $ 0.026234
true-usd
TrueUSD (TUSD) $ 1.00
decred
Decred (DCR) $ 56.57
qtum
Qtum (QTUM) $ 3.00
v-systems
V.SYSTEMS (VSYS) $ 0.014624
bitcoin-gold
Bitcoin Gold (BTG) $ 12.32
ravencoin
Ravencoin (RVN) $ 0.016296
holotoken
Holo (HOT) $ 0.000701
0x
0x (ZRX) $ 0.543637
lisk
Lisk (LSK) $ 1.35
omisego
OMG Network (OMG) $ 3.57
algorand
Algorand (ALGO) $ 0.522211
kucoin-shares
KuCoin Token (KCS) $ 1.16
nano
Nano (NANO) $ 3.40
augur
Augur (REP) $ 19.08
bittorrent-2
BitTorrent (BTT) $ 0.000351
bytom
Bytom (BTM) $ 0.067852
digibyte
DigiByte (DGB) $ 0.026467
waves
Waves (WAVES) $ 6.81
bitcoin-diamond
Bitcoin Diamond (BCD) $ 0.732525
snovio
Snovian.Space (SNOV) $ 0.001043
stratis
Stratis (STRAX) $ 0.522601
neon-exchange
Nash Exchange (NEX) $ 0.725891
bit-z-token
Bit-Z Token (BZ) $ 0.078421
bcv
BitCapitalVendor (BCV) $ 0.001596
factom
Factom (FCT) $ 1.40
cdai
cDAI (CDAI) $ 0.020980
aelf
elf (ELF) $ 0.129660