financetom
Business
financetom
/
Business
/
Boeing executives unlikely to be charged over 737 MAX crashes, source says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Boeing executives unlikely to be charged over 737 MAX crashes, source says
Jun 1, 2024 4:01 PM

By Mike Spector

New York, June 1 (Reuters) - Boeing ( BA ) executives are

unlikely to be criminally charged over fatal crashes in 2018 and

2019 that killed 346 people as the statute of limitations has

likely passed, U.S. Justice Department officials told victims'

family members in a meeting.

Details were corroborated by a person familiar with the

gathering on Friday and correspondence reviewed by Reuters.

The deadline for prosecuting most federal crimes is five

years.

The Justice Department

found

in mid-May that Boeing ( BA ) violated a 2021 deferred prosecution

agreement (DPA) that had shielded the company from a criminal

charge arising from the fatal crashes.

Officials agreed to ask a judge to dismiss the charge of

conspiring to defraud the U.S. Federal Aviation Administration

(FAA) as long as Boeing ( BA ) abided by the terms of the agreement

over a three-year period ending Jan. 7, 2024.

But an in-flight blowout two days before the agreement

expired exposed ongoing safety and quality issues. A panel blew

off a new Boeing 737 MAX 9 jet during a Jan. 5 Alaska Airlines

flight.

Boeing ( BA ) has until June 13 to outline any disagreements with

the department's finding that it violated the 2021 agreement.

Officials have until July 7 to inform a federal judge in Texas

of its plans.

"We have honored the terms of the agreement," Boeing ( BA ) said in

a statement on Saturday.

The Justice Department did not immediately respond to a

request for comment.

The department is weighing several options, including

whether to prosecute Boeing ( BA ) or extend the DPA by a year.

Officials could also enter into a new DPA or reach a

non-prosecution agreement that does not involve court

supervision.

Officials could also seek to negotiate a plea deal with

Boeing ( BA ) over the 2021 fraud charge or take the company to trial

over it.

Boeing ( BA ) could also face charges over its behavior during the

three-year term of the DPA, though officials have not found

evidence of any felonies committed during that period,

prosecutors told the victims' families, according to the source

familiar with meeting.

Victims' family members are discussing asking officials to

seek an enhanced sentence should Boeing ( BA ) be prosecuted and

convicted, the source told Reuters.

In the meeting, Justice Department officials said they

believe they are unable to prove cases of federal manslaughter

or fraud involving aircraft parts beyond a reasonable doubt, the

person added.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
BRIEF-Conduent Completes Sale Of Its Casualty Claims Solutions Business To MedRisk
BRIEF-Conduent Completes Sale Of Its Casualty Claims Solutions Business To MedRisk
Sep 6, 2024
Sept 4 (Reuters) - Conduent Inc ( CNDT ): * CONDUENT COMPLETES SALE OF ITS CASUALTY CLAIMS SOLUTIONS BUSINESS TO MEDRISK Source text for Eikon: Further company coverage: ...
Saia Posts Higher Less-Than-Truckload Shipments, Tonnage Per Workday in July, August
Saia Posts Higher Less-Than-Truckload Shipments, Tonnage Per Workday in July, August
Sep 6, 2024
08:55 AM EDT, 09/04/2024 (MT Newswires) -- Saia ( SAIA ) reported Wednesday a 10.6% increase in less-than-truckload, or LTL, shipments per workday in July from a year earlier and a 7% increase in August versus a year earlier. LTL tonnage per workday went up 5% and 8.2% for July and August from the same months a year earlier, respectively....
Abu Dhabi's National Oil Company to Take 35% Equity Stake in Exxon Mobil's Proposed Texas Plant
Abu Dhabi's National Oil Company to Take 35% Equity Stake in Exxon Mobil's Proposed Texas Plant
Sep 6, 2024
08:52 AM EDT, 09/04/2024 (MT Newswires) -- Exxon Mobil ( XOM ) said Wednesday that Abu Dhabi's National Oil Company signed a deal to acquire a 35% equity stake in its proposed low-carbon hydrogen and ammonia production facility in Baytown, Texas. Financial terms weren't disclosed. A final decision on the investment is expected in 2025, with the facility projected to...
Dick's Sporting Goods Raises Outlook After Solid Q2 Results Amid Growth In Average Ticket And Transactions
Dick's Sporting Goods Raises Outlook After Solid Q2 Results Amid Growth In Average Ticket And Transactions
Sep 6, 2024
Dick’s Sporting Goods Inc reported second-quarter adjusted earnings per share of $4.37, beating the street view of $3.83. Quarterly sales of $3.474 billion (up 7.8%) beat the analyst consensus of $3.437 billion. Comparable sales rose 4.5% compared with 2% growth a year ago. Gross profit margin expanded to 36.73% from 34.42% year over year. “We delivered a very strong second...
Copyright 2023-2026 - www.financetom.com All Rights Reserved