Boeing Reaches Tentative Settlement Deal with US on Plane Crash Charges

Trading View
2025.05.25 05:26

Boeing has reached a tentative settlement with the US Justice Department concerning criminal charges related to two fatal plane crashes in 2018 and 2019. The deal includes a $444.5 million contribution to victim family funds, a $243.6 million fine, and a $455 million investment in quality and safety programs. This agreement is pending approval from US District Judge Reed O'Connor and has faced objections from the victims' families.

Boeing and the US Justice Department struck a tentative deal regarding the former's criminal charges on two fatal plane crashes in 2018 and 2019, Bloomberg News reported on May 23.

The US aircraft manufacturer's agreement includes a $444.5 million payment contribution to victim family funds, paying a $243.6 million fine, and investing $455 million to improve its quality and safety programs, according to a court filing on May 23.

The agreement, however, is still subject to approval from US District Judge Reed O'Connor and was met with strong objections from the families of the plane crash victims.

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