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View all search resultsUS District Judge Reed O'Connor last week ordered Boeing to appear to be arraigned on a 2021 felony charge after families of those killed in the two crashes objected to a 2021 plea deal. Boeing won immunity from criminal prosecution as part its $2.5 billion January 2021 Justice Department deferred prosecution agreement over a 737 MAX fraud conspiracy charge related to the plane's flawed design.
The crash of the Nairobi-bound Boeing 737 MAX six minutes after take-off from Addis Ababa on March 10, 2019, which killed all passengers and crew aboard, triggered the global grounding of the MAX and the worst crisis in Boeing's history.
Boeing faces a December deadline to win regulatory approval for the MAX 10, which is slightly larger than current 737 MAXs in service, as well as for a smaller variant, the MAX 7. Unless it gains an extension from Congress, Boeing must meet new modern cockpit-alerting requirements that could significantly delay the planes' entry into service.
Boeing agreed to the penalty to settle charges it "negligently violated the antifraud provisions" of US securities laws, the Securities and Exchange Commission said in a statement, saying the company and its leader "put profits over people."
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