aviation
New York (AFP) - Boeing said Monday it had reached a deal with the US Department of Justice over two fatal 737 MAX crashes, which court papers show would see the aviation giant plead guilty to fraud. The agreement comes after prosecutors concluded Boeing flouted an earlier settlement addressing the disasters, in which 346 people were killed in Ethiopia and Indonesia more than five years ago. "We have reached an agreement in principle on terms of a resolution with the Justice Department," Boeing told AFP in a statement. Families of crash victims immediately filed an objection to the deal, argui...
AFP
New York (AFP) - Boeing on Monday said it had "reached an agreement" with the US Department of Justice over two fatal 737 MAX crashes more than five years ago. "We have reached an agreement in principle on terms of a resolution with the Justice Department, subject to the memorialization and approval of specific terms," Boeing told AFP in a statement. The deal comes after prosecutors concluded the aviation giant flouted an earlier settlement addressing the disasters, in which 346 people were killed in Ethiopia and Indonesia. Sources told AFP last week that Boeing was on a deadline to accept or ...
AFP
New York (AFP) - More than five years after two fatal 737 MAX crashes, Boeing faces a fresh legal reckoning now that prosecutors have concluded the company flouted an earlier settlement addressing the disasters. The aviation giant had been on a Friday night deadline to accept or reject a Department of Justice proposal that would require it to plead guilty to fraud during the certification of MAX airplanes, sources told AFP. There had been no public comment either way by the evening, and a lawyer for the families of the 737 crash victims, Robert Clifford, told AFP that he believed the deadline ...
AFP
Washington (AFP) - US aircraft manufacturer Boeing said Monday it had reached a deal to buy its subcontractor Spirit in a move the aviation giant argues will boost safety and quality control. Under an all-stock transaction worth $4.7 billion, Boeing will bring back in house a key supplier that it had spun off nearly two decades ago. Spirit, which also builds major airplane parts for Airbus, also reached an agreement with the European company over operations affecting its supply chain. Boeing disclosed in March that it was in talks to potentially reacquire Spirit, which it spun off in 2005 to l...
AFP
Washington (AFP) - US aircraft manufacturer Boeing said Monday it had reached a "definitive deal" to buy its subcontractor Spirit, which has faced scrutiny over production quality control in recent months. "The merger is an all-stock transaction at an equity value of approximately $4.7 billion, or $37.25 per share," the company said in a statement. Boeing disclosed in March that it was in talks to potentially reacquire Spirit, which it spun off in 2005 to lower costs. "We believe this deal is in the best interest of the flying public, our airline customers, the employees of Spirit and Boeing, ...
AFP
Seattle (AFP) - Boeing's practice of aggressively pressuring suppliers on costs has damaged its own supply chain, contributing to the aviation giant's current woes, a top union negotiator told AFP this week. "Boeing has spent a long time, since 2012 trying to squeeze the supply chain by forcing them to cut their costs to Boeing, year over year," said Jon Holden, president of the International Association of Machinists and Aerospace Workers (IAM) for District 751. "I'm fine with efficiency," Holden said. "What I'm not okay with is undermining the health of the manufacturing process." Holden's ...
AFP
New York (AFP) - A US investigative authority sharply rebuked Boeing for sharing details about an ongoing probe of a near-catastrophic aviation incident that were not supposed to be discussed publicly. The National Transportation Safety Board (NTSB) said that as a result, it will block Boeing from reviewing information gathered in its investigation. Boeing "blatantly violated" investigative regulations under a signed agreement as a party to the probe, NTSB said in a statement late Wednesday. The agency is also barring Boeing from asking questions of other participants at a two-day investigati...
AFP
Renton (United States) (AFP) - At its plane factory near Seattle, Boeing has increased employee training, appointed mentors for new recruits, brought back retirees as coaches and stepped up tracking of performance metrics. It's all part of an effort to strengthen quality control on the 737 MAX, a bestselling airliner that has suffered some high-profile problems. Boeing this week led a tour for reporters at its manufacturing facility in Renton, Washington to see what the company is doing to rebuild confidence and hear from employees on the front line. "I am extremely confident that every plane ...
AFP
New York (AFP) - The US Department of Justice is considering a deal with Boeing that would avoid criminal prosecution of the aerospace giant but may appoint a federal supervisor to oversee company progress on safety improvements, The New York Times reported Friday. People familiar with the discussions told the daily that the terms of the possible alternative settlement, known as a deferred prosecution agreement, or DPA, are still subject to change. A DOJ official involved in the case, Glenn Leon, chief of the fraud section criminal division, said in an email to a civil party lawyer seen by AFP...
AFP
Washington (AFP) - Boeing's CEO acknowledged to a US congressional panel Tuesday that the company's culture was imperfect, but insisted the aviation giant was making progress and committed to improving safety. "Our culture is far from perfect, but we are taking action and making progress," Calhoun said early in the hearing. Calhoun opened his remarks by standing to apologize to family members of victims from two Boeing 737 MAX in 2018 and 2019. The hearing, an examination of "Boeing's Broken Safety Culture," follows an April session of the Senate Permanent Subcommittee on Investigations featur...
AFP
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