BusinessPostCorner.com
No Result
View All Result
Thursday, May 29, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Boeing 737 Max crash victims ask US to impose $25bn fine

June 19, 2024
in Business
Reading Time: 2 mins read
A A
0
Boeing 737 Max crash victims ask US to impose bn fine
ShareShareShareShareShare

Two 737 Max aircraft were lost in separate but almost identical accidents that killed 346 people.

In October 2018, all 189 on a Lion Air flight died after the aircraft crashed into the Java Sea 13 minutes after take-off from Jakarta, Indonesia.

In March 2019, an Ethiopian Airlines flight crashed six minutes after take-off from the Ethiopian capital of Addis Ababa. All 157 on-board were killed.

Both crashes were linked to faulty flight control systems.

Mr Calhoun acknowledged in his Congressional appearance that the company had made mistakes and said it had “learned” from the past.

He also acknowledged that Boeing had retaliated against whistleblowers but said he had “listened” to those employees.

The Justice Department is considering whether to revive a criminal charge of fraud against Boeing laid in 2021, that was linked to the two crashes.

The charge has laid dormant since the company acknowledged in a settlement that it had mislead air-safety regulators about aspects if the 737 Max, and promised to create a new compliance system to detect and prevent further fraud.

Last month, prosecutors determined that the settlement was violated when a door panel flew off a 737 Max plane during an Alaska Airlines flight in January, leaving a gaping hole in the fuselage mid-flight.

The Justice Department has until 7 July decide whether to revive the case.

In the letter, Mr Cassell said his clients recommended that the department order a portion of any future fine to be used to create an independent monitor of the company’s safety and compliance measures.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Brazil’s ruling Workers’ party seeks to gag central bank chief

Next Post

Energy emissions hit record high on rising fossil fuel demand, says report

Next Post
Energy emissions hit record high on rising fossil fuel demand, says report

Energy emissions hit record high on rising fossil fuel demand, says report

Is private equity bringing accounting down or lifting it up?

Is private equity bringing accounting down or lifting it up?

May 28, 2025
Pharma tech CFO says finance is at the center of AI strategy

Pharma tech CFO says finance is at the center of AI strategy

May 23, 2025
EU countries push for swift trade deal with Donald Trump

EU countries push for swift trade deal with Donald Trump

May 26, 2025
Glastonbury farmer ‘makes more money from weddings than farming’

Glastonbury farmer ‘makes more money from weddings than farming’

May 27, 2025
Bitcoin Price Prediction: BTC Surged to 8,470 — Will It Shatter Resistance and Aim for 0K Next?

Bitcoin Price Prediction: BTC Surged to $108,470 — Will It Shatter Resistance and Aim for $120K Next?

May 24, 2025
Markets dip after Trump threatens tariffs against Europe and Apple, sinking the iPhone maker’s stock by 3%

Markets dip after Trump threatens tariffs against Europe and Apple, sinking the iPhone maker’s stock by 3%

May 23, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Nvidia’s CEO blasted Trump policy that will cost the company .5 billion—then praised Trump’s ‘bold vision’ minutes later

Nvidia’s CEO blasted Trump policy that will cost the company $10.5 billion—then praised Trump’s ‘bold vision’ minutes later

May 29, 2025
US trade court invalidates Donald Trump’s reciprocal tariffs

US trade court invalidates Donald Trump’s reciprocal tariffs

May 29, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!