WASHINGTON, Sept. 22 (Xinhua) -- Aviation giant Boeing will pay 200 million U.S. dollars and its former CEO will pay 1 million dollars to settle charges over misleading investors after two deadly crashes of 737 Max jetliners, the Securities and Exchange Commission (SEC) said Thursday.
The crashes of Lion Air Flight 610 in October 2018 and Ethiopian Airlines Flight 302 in March 2019 involved Boeing's 737 MAX airplane and a flight control function called the Maneuvering Characteristics Augmentation System.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
