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 admits full responsibility for 737 Max plane crash in Ethiopia

‘Significant milestone’ paves way for families of 157 victims of 2019 crash to seek compensation, say lawyers

Boeing has admitted full responsibility for the second crash of its 737 Max model in Ethiopia, in a legal agreement with families of the 157 victims.

Lawyers for the families said it was a “significant milestone” for families to achieve justice.

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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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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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Boeing report: pilots followed guidance but could not control Ethiopian plane

Investigators say pilots were unable to prevent plane’s nose from pointing down

The pilots of the Ethiopian Airlines 737 Max that crashed last month killing 157 people correctly followed Boeing’s emergency instructions but were still unable to stop the plane’s nose repeatedly pointing down, investigators said.

In the final seconds before the crash, pilots tried desperately to right the plane by switching its anti-stall software on and off but to no avail. The jet hit an airspeed of 500 knots (575mph), well above its operational limits, before cockpit data recordings stopped.

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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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Boeing faces US lawsuit over Ethiopian Airlines crash

The family of Jackson Musoni have filed a suit saying the 737 MAX has a defectively designed control system

A lawsuit against Boeing Co was filed in US federal court on Thursday in what appeared to be the first suit over an Ethiopian Airlines 737 MAX crash that killed 157 people.

The lawsuit was filed in Chicago federal court by the family of Jackson Musoni, a citizen of Rwanda, and alleges that Boeing, which manufactures the 737 MAX, had defectively designed the automated flight control system.

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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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Mass funeral service held for Ethiopian crash victims – video

Thousands of people have mourned victims of the Ethiopian Airlines flight 302 crash, as 17 empty caskets draped in the national flag were accompanied through the streets of the capital, Addis Ababa, amid emotional scenes. Relatives, friends, and colleagues of the 157 people killed when the plane crashed on 10 March lit candles and held prayers during the service. The identification of some remains of crash victims could take weeks or months, according to experts

• Ethiopian Airlines crash: thousands turn out for funeral service

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Ethiopian Airlines crash: thousands turn out for funeral service

Empty caskets parade through Addis Ababa a day after relatives of 157 victims began receiving earth from crash site

Thousands of people have mourned Ethiopian victims of the Ethiopian Airlines flight 302 crash, as 17 empty caskets draped in the national flag were accompanied through the streets of the capital, Addis Ababa.

The funeral service came one day after officials began delivering bags of earth to family members of the 157 victims instead of the remains of their loved ones because the identification process is expected to take a long time.

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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 air crash investigators begin black box analysis

Black box arrives in France amid reports suggesting similarities with Lion Air crash

Air crash investigators have begun analysing the black box data recorder from Ethiopian Airlines flight 302, amid reports that the plane wreckage suggested similarities with a previous disaster involving the Boeing 737 Max jet.

Accounts have also emerged of communications between the plane and air traffic control, in which the pilot is said to have asked in panicked tones to turn back three minutes into the flight, as the 737 Max dipped and climbed.

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Boeing’s 737 Max fleet ‘will remain grounded for weeks’

US politicians say ban will last through April, as data from Ethiopian Airlines flight arrives in France

Boeing’s 737 Max 8 and 9 planes will remain grounded for weeks at a minimum, US politicians said on Thursday, as flight data and cockpit voice recorders from the crashed Ethiopian Airlines plane arrived in France.

After a briefing with the Federal Aviation Administration (FAA), congressman Rick Larsen said the planes, which have been involved in two fatal crashes in the last five months, would be banned from flying “at least through April” while new software is installed and investigations continue.

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Trump follows lead of other nations and grounds Boeing 737 Max planes

FAA supported the grounding saying it had uncovered information in the Ethiopia crash that was similar to the Indonesia crash in October

Donald Trump grounded Boeing’s 737 Max fleet on Wednesday, days after the second fatal crash involving the plane in five months.

Issuing an emergency order, Trump said all 737 Max jets in the US would now be grounded. “Planes that are in the air will be grounded if they are the 737 Max. Will be grounded upon landing at their destination,” Trump told reporters at the White House.

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