Skip to content
Trending
April 30, 2025Auto giant Stellantis suspends full-year guidance due to uncertainties over Trump tariffs April 20, 2025This fund is designed to help investors withstand wild market swings April 2, 2025Boeing CEO faces Senate hearing on plane maker’s recovery August 29, 2025Retail panic: What the end of the ‘de minimis’ exemption means for brands across the globe April 29, 2025General Motors beats Wall Street estimates, reassesses full-year guidance amid auto tariffs February 9, 2025Tech megacaps plan to spend more than $300 billion in 2025 as AI race intensifies September 7, 2025Mortgage rates see biggest one-day drop in over a year May 2, 2025Exxon Mobil earnings beat as production growth and cost cuts offset the sting of falling oil prices May 18, 2025Boeing would avoid guilty plea, prosecution over 737 Max crashes in possible DOJ deal November 24, 2025Walmart hikes sales and earnings forecast as it attracts shoppers across incomes
  Wednesday 8 April 2026
everydayread.net
  • HOME
  • Bitcoin
  • Business
  • Earnings
  • Economy
  • Finance
everydayread.net
everydayread.net
  • HOME
  • Bitcoin
  • Business
  • Earnings
  • Economy
  • Finance
everydayread.net
  Business  Boeing would avoid guilty plea, prosecution over 737 Max crashes in possible DOJ deal
Business

Boeing would avoid guilty plea, prosecution over 737 Max crashes in possible DOJ deal

AdminAdmin—May 18, 20250

A grounded Boeing 737 Max 9 aircraft at Los Angeles International Airport.

Eric Thayer | Bloomberg | Getty Images

The Justice Department and Boeing are close to a deal that would allow the aerospace giant to avoid pleading guilty or a trial in a criminal case related to two deadly crashes of its 737 Max passenger jet, a person familiar with the matter said Friday.

More stories

American Airlines is arriving late to the luxury travel boom. Can it catch up?

October 26, 2025

Trump claims California’s $20 fast-food minimum wage hurts businesses. The truth is a lot more complicated

November 22, 2025

The 2025 box office is headed for its best post-Covid haul as winter releases heat up

October 6, 2025

Summer travel isn’t as easy as it used to be for airlines

August 17, 2025

Boeing agreed to plead guilty in the case last summer in a deal with the Justice Department after the Biden administration found earlier that year that the company violated a 2021 agreement tied to the crashes. A judge rejected that plea deal last year, citing concerns about diversity, equity and inclusion, and opened the possibility that Boeing could face trial.

The fraud charge stems from Boeing’s development of the 737 Max. The U.S. had accused Boeing of misleading regulators about its inclusion of a flight-control system on the Max that was later implicated in the two crashes.

Boeing Co. 737 Max fuselages at the company’s manufacturing facility in Renton, Washington, US, on Tuesday, April 15, 2025.

Bloomberg | Bloomberg | Getty Images

A final, nonprosecution agreement hasn’t been reached yet, said the person, who was speaking on condition of anonymity to discuss ongoing negotiations.

The Justice Department didn’t immediately comment, and Boeing declined to comment on the matter.

Under the new agreement, Boeing could pay family members of victims of the two Max crashes. In total, the two crashes of the bestselling Boeing jet killed all 346 people on board the planes.

Read more CNBC airline news

The new tentative agreement, which was reported earlier Friday by Reuters, would mean Boeing wouldn’t be labeled a felon. That label could have come with restrictions on defense contractor work.

Boeing is the country’s biggest exporter and, in addition to making commercial jetliners, it’s a major defense contractor. The Trump administration recently awarded the company a multibillion-dollar contract to build a next-generation fighter jet.

Don’t miss these insights from CNBC PRO

Long-term care costs can be a ‘huge problem,’ experts say. Here’s why
Cartier owner Richemont posts earnings beat as shoppers splurge on jewelry despite luxury slowdown
Related posts
  • Related posts
  • More from author
Business

American Airlines no longer lets basic economy flyers earn miles

December 18, 20250
Business

Delta president Glen Hauenstein, who helped turn airline into industry profit leader, to retire in February

December 17, 20250
Business

Consumers are feeling gloomy about the economy. Here’s why they’re spending anyway

December 16, 20250
Load more
Read also
Finance

Visa says new AI shopping tool has helped customers with hundreds of transactions

December 18, 20250
Economy

Trust these numbers? Economists see a lot of flaws in delayed CPI report showing downward inflation

December 18, 20250
Earnings

Nike tops earnings estimates but shares fall as China sales plunge, tariffs hit profits

December 18, 20250
Business

American Airlines no longer lets basic economy flyers earn miles

December 18, 20250
Finance

Billionaire fund manager Ron Baron praises beaten-up financial stock whose new CEO he compares to Jamie Dimon

December 17, 20250
Economy

Watch Fed Governor Christopher Waller speak on interest rates and the race to succeed Powell

December 17, 20250
Load more
    © 2022, All Rights Reserved.
    • About Us
    • Advertise With Us
    • Contact Us
    • Disclaimer
    • Cookie Law
    • Privacy Policy
    • Terms & Conditions