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Boeing Should Take a Plea Deal With One Condition

7 0
01.07.2024

The fallout keeps coming from a door plug that blew off a Boeing Co. 737 Max plane in midair during an Alaska Airlines flight in January. Bloomberg News is reporting that the Justice Department will bring criminal fraud charges against the company, which can decide whether to fight them or take a deal that includes a $243.6 million fine, the cost of hiring a corporate monitor for three years and a guilty plea. The government contends that the door-plug incident violated a deferred prosecution agreement stemming from two fatal crashes.

The last part of the deal — the guilty plea — is a bit of a wild card right now in the fog of breaking news because it’s not clear whether that would impact Boeing in unrelated ways, such as limiting its defense unit’s........

© Bloomberg


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