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Boeing to pay $200mn penalty over misleading investors about 737 Max

Financial Times LogoFinancial Times1w ago

Boeing to pay $200mn penalty over misleading investors about 737 Max

Quick Summary

The chief executive also was aware of information “calling into question” the FAA process to certify the 737 Max following the Ethiopian Airlines Flight 302 crash in March 2019, the SEC said.

The company admitted guilt as part of the deal to defer prosecution, meaning if the aircraft maker operates a compliance programme for three years, prosecutors will dismiss the case.

Muilenburg, who was fired from Boeing in December 2019, could not immediately be reached for comment.


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News Analysis

Author / Journalist: Claire Bushey

Category: Business

Topics: Boeing Agreed 2019 Financial Control System Flight Muilenburg Company Aircraft Crashes

Source Website Secure: Yes (HTTPS)

Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

News Source URL: ft.com

Readership Location: United States

Published Date: 2022-09-22, 23:31:26

News Timezone: GMT +8:00

Language: English

Original Article Length: 648 words

Reading Duration: 4 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 2334214

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About Publisher

Financial Times Logo

Name: Financial Times

Main Topics: Business

Official Website: ft.com

Update Frequency: 29 posts per day

Last Update: 9h ago

Headquarters: United States

Coverage Areas: United States

Publication Owner: Independent Company

Publication Timezone: GMT +8:00

Languages Covered: English

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Publisher ID: #150

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