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Boeing to plead guilty in US probe of fatal 737 MAX crashes

By Economic Times - 3 months ago
Boeing has agreed to plead guilty to a criminal fraud conspiracy charge related to two fatal 737 MAX crashes in 2018 and 2019 that killed 346 people. This plea, requiring federal judge approval, would classify Boeing as a convicted felon and necessitate a $243.6 million fine. The crashes in Indonesia and Ethiopia prompted victim families to demand Boeing's prosecution. Although the plea could hinder Boeing's ability to secure government contracts, it avoids a public trial and facilitates future business moves, including acquiring Spirit AeroSystems.

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