Planemaker accused of breaching accord related to 737 Max crashes
The US Department of Justice said Boeing was in violation of a 2021 settlement related to problems with the company’s 737 Max model that led to two deadly plane crashes in 2018 and 2019. Photograph: Lindsey Wasson/The New York TimesBoeing has violated a deferred-prosecution agreement with the US Justice Department related to the crashes of two 737 Max aeroplanes, the department said in a court filing.
“We believe that we have honoured the terms of that agreement, and look forward to the opportunity to respond to the Department on this issue,” Boeing said in a statement.Grafton Street investment offers 6.34% yield at reduced price of €2.15mBoeing shares fell less than 1 per cent following the department’s decision in after-hours trading. The stock has tumbled 31 per cent so far this year, the second-worst performance on the Dow Jones Industrial Average.
The deferred-prosecution agreement, reached in the waning days of the Trump administration, appeared to give Boeing the equivalent of a “get out of jail free” card despite the two crashes that took the lives of 346 people. Scrutiny of Boeing has ramped up in the months since the Alaska Airlines accident, the February FAA report, and amid a wave of new whistleblower allegations pertaining to the planemaker’s manufacturing processes. Congressional panels, including the Senate Commerce Committee, have already held hearings on some of these issues with plans to have both the FAA and Boeing executives testify in the near future.
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