Accused of deceiving investors on the safety of the 737 MAX, Boeing pays 200 million dollars in penalties

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Flight software is implicated in the crashes of two Boeing 737 MAX aircraft, which killed 346 people in 2018 and 2019.

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Accused by the American Financial Markets Constable (SEC) of having publicly issued several misleading messages on the safety of the 737 MAX, Boeing agreed to pay 200 million dollars in penalties on Thursday, September 22. The company’s former general manager Dennis Muilenburg, responsible for these messages, agreed to pay a million dollars.

It was mainly a problem with flight software that led a Lion Air 737 MAX in October 2018, then a similar Ethiopian Airlines aircraft in March 2019, to nose dive without the pilots being able to right them. . These two crashes caused 346 deaths and led to the immobilization of the 737 MAX for twenty months.

The SEC notably accuses Boeing of having published, a month after the Lion Air accident, a press release annotated and approved by Dennis Muilenburg which suggested that the pilot and poor maintenance were to blame. The document also omitted to mention an internal evaluation, considering that the flight software posed well “an air safety problem” and that Boeing had already started working on modifications to fix it.

Boeing and its manager ” nevertheless assured the public that the 737 MAX was ‘as safe as any plane that has ever flown in the sky’, notes the SEC. The agency believes that the airline and its ex-executive have thviolates stock market laws by misleading investors. If they agreed to pay a penalty, the group as the ex-responsible neither admit nor deny the conclusions of the agency, specifies the latter.

The aerospace giant had already paid, at the beginning of 2021, more than 2.5 billion dollars as part of the United States Department of Justice’s investigation into the two accidents of the 737 MAX. Boeing therefore did not have to plead guilty in the criminal proceedings, the ministry announced.



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