Boeing Co will pay over US$ 2.5 billion to resolve a U.S. investigation into criminal conspiracy charges related to two deadly 737 MAX crashes that killed 346 people, the Justice Department said, but the plane maker will not be required to plead guilty.Add your comment!
Boeing customers cancelled orders for 355 of its 737 MAX jets in the first half of 2020, the US planemaker said on Tuesday, as the damage done by the jet's grounding and the coronavirus crisis to the airline industry continued to mount.
Brazil airline Gol Linhas Aereas Inteligentes said on Wednesday it will receive a total of 2.4 billion reais (US$412.03 million) from Boeing Co as compensation for the grounding of the 737 MAX plane, which has not flown in over a year.
American Airlines on Monday became the latest carrier to reach an agreement with Boeing on compensation to cover the financial losses connected to the 737 MAX grounding, which caused thousands of flights to be canceled.
An airline pilot, identified only as ‘Pilot X’ in court documents, started a class-action lawsuit against Boeing, accusing US plane maker of covering up the 737 MAX’s faulty sensor issue and keeping pilots in the dark about the feature in the pursuit of quick returns.
US aircraft giant Boeing got a welcome vote of confidence in its beleaguered 737 MAX plane on Tuesday when International Airlines Group (IAG), owner of British Airways, said it wanted to buy 200 of the planes.
Boeing Co did not tell US regulators for more than a year that it inadvertently made an alarm alerting pilots to a mismatch of flight data optional on the 737 Max, instead of standard as on earlier 737s, but insisted on Sunday the missing display represented no safety risk.
Boeing Co's commercial airplane division, facing its biggest crisis in years following deadly crashes of its flagship 737Max, has brought in a new vice president of engineering while dedicating another top executive to the aircraft investigations, a company email showed on Tuesday.
The US Southwest Airlines ordered single-aisle 737s with a catalog value totaling 19 billion dollars from Boeing Co., the largest aircraft order ever and the first to include the more fuel-efficient MAX variant.