What Boeing’s ‘guilty’ plea means for AI, Akasa, SpiceJet et al.
The Boeing Company headquarters as seen on January 31, 2024, in Arlington, Virginia.
Synopsis
Boeing has agreed to plead guilty to a criminal fraud conspiracy charge and pay a fine of USD244 million to resolve a US Justice Department investigation into two fatal 737 MAX crashes. Here’s how it will impact Indian airlines.
Boeing, the world’s largest aerospace company, has agreed to plead guilty of misleading aviation regulators and “defrauding the United States” during the certification of its new Boeing 737 MAX planes that killed 346 people, including over half a dozen people of Indian origin, in two horrific crashes. The move has far-reaching implications, including that for Indian airlines, as Boeing is one of the principal aircraft suppliers besides the