SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

USA reaches settlement with Boeing

» Updated: 16 July 2024, 14:13

» Published: 08 July 2024

USA reaches settlement with Boeing
Photo: Ted S Warren/AP/TT

Boeing acknowledges fraud after two deadly plane crashes, announces the US Department of Justice.

Federal prosecutors gave Boeing the option to enter into a settlement agreement and pay fines as part of its punishment, or to stand trial.

The aircraft giant has been accused by prosecutors of deceiving American regulatory authorities, following an earlier settlement that was reached after 346 people died in two plane crashes in 2018 and 2019 in Indonesia and Ethiopia.

The latest settlement involves fines for Boeing of an additional 243.6 million dollars, equivalent to approximately 1.7 billion kronor.

The same amount was paid by the aircraft giant in the agreement concluded with the Department of Justice in 2021, which protected Boeing from being prosecuted for the crashes as long as the company, among other things, followed certain regulations.

About a month ago, the department announced that Boeing had breached the agreement and could therefore be prosecuted for the charges brought forward three years ago.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

ECB Hiker: Can Cut Even if Fed Doesn't Cut
2 MIN READ

ECB Hiker: Can Cut Even if Fed Doesn't Cut

Now Black Week starts – here are five best tips
2 MIN READ

Now Black Week starts – here are five best tips

He still believes in the German Northvolt factory
2 MIN READ

He still believes in the German Northvolt factory

Chinese Cars from Spanish Factory
1 MIN READ

Chinese Cars from Spanish Factory

The Ski Holiday Becomes Increasingly Expensive – "Like a Luxury Trip"
2 MIN READ

The Ski Holiday Becomes Increasingly Expensive – "Like a Luxury Trip"

Nvidia CEO: Don't Close the Borders
1 MIN READ

Nvidia CEO: Don't Close the Borders

Pilot Strike – Finnair Cancels 300 Flights
1 MIN READ

Pilot Strike – Finnair Cancels 300 Flights

Billion-dollar amounts at stake in Northvolt's crisis
2 MIN READ

Billion-dollar amounts at stake in Northvolt's crisis

German industry leader warns of new energy crisis
1 MIN READ

German industry leader warns of new energy crisis

The new ISK tax is decided
3 MIN READ

The new ISK tax is decided

Amazon doubles investment in AI company
1 MIN READ

Amazon doubles investment in AI company

Trump nominates billionaire to finance minister
3 MIN READ

Trump nominates billionaire to finance minister

Cheerful on Wall Street – bitcoin nears dream limit
2 MIN READ

Cheerful on Wall Street – bitcoin nears dream limit

Northvolt to Apply for Swedish Reconstruction as Well
2 MIN READ

Northvolt to Apply for Swedish Reconstruction as Well

Billion Fines for Unreasonable Fees on Air Travel
1 MIN READ

Billion Fines for Unreasonable Fees on Air Travel

Bosch reduces workforce by 5,500
1 MIN READ

Bosch reduces workforce by 5,500

Northvolt's CEO sold shares for hundreds of millions
1 MIN READ

Northvolt's CEO sold shares for hundreds of millions

Clothing Chain Rises on the Stock Exchange After Sales Forecast
1 MIN READ

Clothing Chain Rises on the Stock Exchange After Sales Forecast

Seven disputed taxes that can save the planet
3 MIN READ

Seven disputed taxes that can save the planet

Visa facilitation to boost China's tourism
1 MIN READ

Visa facilitation to boost China's tourism