Title: Boeing Reaches $2.5 Billion 737 Max Settlement with U.S. - The New York Times
Headings: Boeing Reaches $2.5 Billion Settlement With U.S. Over 737 Max
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Boeing Reaches $2.5 Billion Settlement With U.S. Over 737 Max
The company agreed to a deferred prosecution agreement with the Justice Department.
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Content: Last January, Boeing said it expected the plane’s grounding to cost the company more than $18 billion. But that was before the coronavirus pandemic brought travel to a standstill, throwing the airline industry into disarray. In 2020, Boeing lost more than 1,000 aircraft orders, mostly for the Max, though more than 4,000 remain. The Max is a mainstay of the global passenger airline fleet, used for domestic flights or short international trips. As a single-aisle jet, it is the kind of smaller plane airlines have increasingly preferred to use in recent years. It is also more fuel-efficient than its predecessors. Today in Business
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May 28, 2021, 12:54 p.m. ET
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Prices jumped 3.6 percent in April, the fastest pace in 13 years. While the deal will resolve one of Boeing’s legal problems, others remain outstanding.