US fines Boeing US$200 million for misleading investors on 737 MAX safety

Boeing 737 Max 8 aircraft are grounded around the world in July, 2019, following two deadly crashes involving the model. – EPA pic, September 23, 2022.

US securities officials fined Boeing US$200 million over the aviation giant’s misleading assurances about the safety of the 737 MAX airplane following two deadly crashes, regulators announced yesterday.

Boeing agreed to the penalty to settle charges it “negligently violated the antifraud provisions” of US securities laws, the Securities and Exchange Commission said in a statement, saying the company and its leader “put profits over people.”

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