Boeing to pay $200m to settle charges it misled investors over 737 Max crashes

Company and former CEO made misleading statements about the jets involved in two crashes that killed 346 people

Boeing and its former chief executive have settled an investigation by the US’s top financial regulator into allegedly misleading statements the planemaker and its then boss made about its 737 Max jets, involved in two deadly crashes in Indonesia and Ethiopia.

Boeing will pay $200m to settle charges that it misled investors and the former Boeing chief Dennis Muilenburg has agreed to pay $1m.

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Boeing board under pressure as families of 737 Max crash victims push reform at the top

More directors could be pushed off next week as aerospace firm tries to recover its reputation after 737 Max problems and Covid downturn

Two more top-level directors could be ousted from Boeing’s board of directors next week as family members of the victims of two fatal crashes of its 737 Max jets join shareholders to push for further high-level reforms at the aerospace giant.

Related: Denver plane engine fire consistent with metal fatigue in fan blade, say investigators

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FAA let Boeing 737 Max continue to fly even as review found serious crash risk

Analysis from US regulators found plane could have averaged a fatal crash about every two to three years without design changes

US regulators allowed Boeing’s 737 Max to keep flying even after their own analysis found the plane could have averaged one fatal crash about every two or three years without intervention.

According to a report dated a month after a Lion Air 737 Max crashed in October 2018, killing 189 people, the Federal Aviation Administration (FAA) concluded the plane could become involved in more fatal crashes without design changes.

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Boeing 737 Max jets could fly again by January with safety checks under way

World’s biggest planemaker hopes aviation authorities will soon approve plane’s flight control software

Boeing said on Monday it could have its fleet of 737 Max jets flying again by January as safety checks on the aircraft’s troubled flight software reach completion. The planes were grounded in March in the wake of two fatal crashes in the space of five months that killed 346 people.

The world’s biggest planemaker said it hoped the Federal Aviation Administration would approve certification of the plane’s flight control software before the end of the year. A fault with the plane’s anti-stall mechanism is believed to have caused the Lionair crash in Indonesia last October and then the Ethiopian Airlines disaster in March.

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Lion Air crash report ‘criticises design, maintenance and pilot error’

Advance copy of report says several factors were to blame for crash that killed 189 in Indonesia

The final report by Indonesian investigators into the crash of a Boeing 737 Max plane flown by Indonesia’s Lion Air that left 189 people dead has found that problems with Boeing’s design, the airline’s maintenance of the jet and pilot errors contributed to the disaster.

The report into the October 2018 crash criticised the US planemaker’s new anti-stall system, MCAS, that automatically pushed the plane’s nose down, leaving pilots fighting for control.

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Ethiopian Airlines crash: families to subpoena US operators of 737 Max

Subpoenas to Southwest Airlines and American Airlines seek information about flight crew training and 737 Max software MCAS

Lawyers representing families of passengers killed in a Boeing 737 Max crash in Ethiopia in March are set to issue subpoenas to Southwest Airlines and American Airlines, the two biggest US operators of the jet, according to documents seen by Reuters.

The subpoenas will be issued over the next couple of days, the lawyers separately told Reuters.

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Boeing says it could halt production of 737 Max after grounding

The company lost $2.9bn in the three months to the end of June, compared to a profit of $2.2bn for the same period last year

Boeing said it could halt production of the 737 Max jet on Wednesday as it reported the company’s largest ever quarterly loss following two fatal accidents involving the plane.

The company lost $2.9bn in the three months to the end of June, compared to a profit of $2.2bn for the same period last year. Sales fell 35% to $15.8bn. Chief executive Dennis Muilenburg said production of the plane could be slowed or halted if regulators do not move to lift the ban on the plane.

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Boeing 737 Max will be grounded until August, says airline trade body

Plane taken out of service after Ethiopian Airlines crash may not fly before peak season

The Boeing 737 Max aircraft will not return to the skies before August, according to the boss of aviation’s main trade body.

The 737 Max was grounded by regulators in the wake of two crashes, and although manufacturer Boeing has been working on a fix to allay safety concerns, the timetable is now likely to see it out of service for another 10 to 12 weeks, into peak season for many airlines.

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Pilots confronted Boeing with 737 Max fears after first fatal crash, audio reveals

  • Boeing appeared to play down concerns of a second crash
  • Audio release comes as House committee reviews FAA role

American Airlines (AA) pilots angrily confronted a Boeing official about an anti-stall system suspected in two fatal crashes of the manufacturer’s 737 Max aircraft, according to a new recording.

Related: Boeing boss rejects accusations about 737 Max jets that crashed

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Global grounding of Boeing 737 Max will cost company more than $1bn

Boeing says it’s abandoned its 2019 financial outlook and halted share buybacks in mid-March as it deals with the crisis

The global grounding of Boeing’s 737 Max jets will cost the company more than $1bn, the company said on Wednesday.

The jets were grounded after two fatal crashes that killed 346 people and have triggered investigations into the accidents across the world and left Boeing with one of the biggest crises in its history.

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Investigators ‘believe Ethiopian 737 Max’s anti-stall system activated’

Reports of high-level briefing with US regulators come as lawsuit is filed against Boeing

Investigators believe Boeing’s controversial anti-stall system on its 737 Max aircraft was activated before Ethiopian Airlines flight ET302 crashed, killing all 157 people onboard, according to reports of a high-level safety briefing with US regulators.

The apparent findings, reported in the Wall Street Journal, would be the strongest indication yet that the same software problem could have contributed to the crash and that of Lion Air flight 610, which killed 189 people in Indonesia in October.

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Indonesian airline Garuda cancels order for 49 Boeing 737 Max 8 jets

Company blames loss of passenger trust after Ethiopia Airlines and Lion Air disasters involving the aircraft

Indonesia’s national carrier Garuda has cancelled a multibillion-dollar order for 49 Boeing 737 Max 8 jets after two fatal crashes involving the plane, the company said, blaming passengers’ loss of trust in the aircraft.

In what is thought to be the first formal cancellation for the model, Garuda spokesman Ikhsan Rosan said: “We have sent a letter to Boeing requesting that the order be cancelled.

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Lion Air pilots were looking at handbook when plane crashed

Sources say flight crew of Indonesian jet tried to find procedure to halt dive

The pilots of the Lion Air Boeing 737 Max that crashed in Indonesia were searching a flight manual to try to find why the plane kept lurching downwards against their commands, according to reports of the cockpit voice recording.

The investigation into the crash, which killed all 189 people on board last October, has become even more significant for Boeing and airlines due to its suspected links with the Ethiopian Airlines disaster, where 157 died on the same model of plane.

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After two deadly disasters in five months, can Boeing survive?

The global grounding of its bestselling model after 346 deaths has created a genuine crisis for the company and its clients

Within three minutes of takeoff, Ethiopian Airlines flight 302 had accelerated to unusually high speeds. Captain Yared Getachew knew something was wrong as the aircraft, a Boeing 737 Max 8, erratically dipped and climbed by hundreds of feet. He radioed air traffic control, requesting a return to Addis Ababa airport.

He was cleared to return and the aircraft began to turn right, climbing even higher. A minute later, flight 302 disappeared from the radar.

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Ethiopian Airlines crash – a visual guide to what we know so far

Disaster marks second crash for Boeing 737 Max 8 in four months, with passengers from 35 different countries

An Ethiopian Airlines plane crashed on Sunday near Addis Ababa, killing all 157 people on board. Here’s what we know about the crash.

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Plane crash deaths jump sharply in 2018 – but fatalities ‘still rare’

Analysis shows that 500 people died in major accidents last year compared with none in 2017

The number of people killed in plane crashes jumped sharply in 2018, according to new analysis.

There were more than 500 deaths stemming from passenger airline crashes in 2018, according to Dutch aviation consulting firm To70 and the Aviation Safety Network, but both groups emphasised that fatal crashes remain rare.

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