According to a U.S. media report on January 7, Boeing has agreed to pay $2.5 billion to close the criminal charges of the U.S. Department of Justice.
The U.S. Department of Justice alleged that Boeing concealed information about the design of the Boeing 737 MAX aircraft from security officials.
The U.S. Department of Justice said that the company chose “profit rather than frankness”, which hindered the supervision of aircraft involved in two fatal crashes.
Of the $2.5 billion it agreed to pay, about $500 million would be donated to the families of the 346 people killed in the tragedy.
David Calhoun, CEO of Boeing, said: “I firmly believe that it is correct for us to admit this accusation.
This allegation is a serious reminder of how important transparency obligations to regulators are and confirm the consequences our company will face if any of us fails to meet these expectations.”
It is reported that the majority of the total fine ($1.77 billion) will be compensated to airline customers affected by the grounding of aircraft.