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View all search resultsBoeing-737-MAX
Americas 1 year ago
Boeing to plead guilty to fraud in US probe of fatal 737 MAX crashes
The plea, which requires a federal judge's approval, would brand the planemaker a convicted felon. Boeing will also pay a criminal fine of $243.6 million, the Justice Department (DOJ) said in a document filed in federal court in Texas that provided an overview of the agreement in principle.
Americas 1 year ago
Deadline nears for Boeing decision on proposed MAX agreement
Boeing's latest legal predicament was triggered by a DOJ determination in mid-May that the company ignored a 2021 deferred prosecution agreement (DPA) by not meeting requirements to improve its compliance and ethics program after the MAX crashes.
Companies 1 year ago
Boeing CEO blasted in US Senate hearing while apologizing for safety woes
Chief Executive Dave Calhoun faced repeated questions about how much he is paid, Boeing's safety culture, and why he is not immediately resigning instead of retiring by year's end, at a hearing before the Senate Permanent Subcommittee on Investigations.
Americas 1 year ago
US Justice Department to meet with Boeing MAX crash families
Boeing won immunity from criminal prosecution as part of the $2.5 billion Justice Department agreement struck in January 2021 over a 737 MAX fraud conspiracy charge related to the plane's flawed design. Boeing had to abide by the terms of the agreement for a three-year period that ended on Jan. 7.
Companies 2 years ago
Airlines try to leverage Boeing woes despite lack of alternatives
Despite some public displays of alarm - United Airlines CEO Scott Kirby flew to France to talk with Airbus as Boeing's latest crisis erupted - carriers are still negotiating new plane orders, looking to leverage Boeing's delays to secure better terms.
Companies 2 years ago
Boeing exec apologizes over MAX 9 problem, promises fixes
The comments Friday from Stan Deal, CEO of Boeing's commercial plane unit, came three weeks after a door plug on an Alaska Air flight blew out in mid-air, focusing intense scrutiny on the huge aviation manufacturer and forcing the grounding of 171 planes for safety checks.
Regulations 2 years ago
FAA bars Boeing from increasing MAX output
The unprecedented decision looked set to deepen turmoil at Boeing even as the FAA also agreed to allow the 737 MAX 9, which was grounded after a mid-air blowout on an Alaska Airlines jet on Jan. 5, to resume flying once inspections were completed.
