Boeing will pay $2.5 billion to resolve U.S. criminal probe into 737 MAX crashes

Boeing will pay $2.5 billion to resolve U.S. criminal probe into 737 MAX crashes

© Reuters.  © Reuters.

WASHINGTON (Reuters) – Boeing (NYSE:BA) Co will pay over $2.5 billion to resolve the Justice Department's investigation into two deadly 737 MAX crashes that killed 346 people, the Justice Department said.

The Justice Department said the settlement includes a criminal monetary penalty of $243.6 million, compensation payments to Boeing’s 737 MAX airline customers of $1.77 billion, and the establishment of a $500 million crash-victim beneficiaries fund to compensate the heirs, relatives, and legal beneficiaries of the passengers.

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