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Boeing To Pay $2.5 billion in Penalties for 737 Max Misdeeds



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by Gregory Polek January 7, 2021, Boeing has agreed with the U.S. Division of Justice to pay greater than $2.5 billion in penalties to resolve a prison cost of conspiracy to defraud the Federal Aviation Administration’s Plane Analysis Group (FAA AEG) in reference to its evaluation of the 737 Max. Below the phrases of a deferred prosecution settlement, the penalties include a prison financial penalty of $243.6 million, compensation funds to Boeing’s 737 Max airline clients of $1.77 billion, and the institution of a $500 million crash-victim beneficiaries fund to compensate the heirs, relations, and authorized beneficiaries of the 346
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