The U.S. Justice Department has initiated a criminal investigation into a recent incident involving a Boeing 737 MAX aircraft operated by Alaska Airlines. The investigation aims to determine if Boeing violated a previous settlement with the federal government that was reached after two fatal 737 MAX crashes in 2018 and 2019. This settlement, which amounted to $2.5 billion, came after Boeing admitted that two of its former employees had misled the Federal Aviation Administration about the training requirements for a flight-control system, which was implicated in the crashes that resulted in 346 fatalities.
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00:00 It's Benzinga and here's what's on the block.
00:02 The US Justice Department has initiated a criminal investigation into a recent incident
00:06 involving a Boeing 737 MAX aircraft operated by Alaska Airlines.
00:10 The investigation aims to determine if Boeing violated a previous settlement with the federal
00:14 government that was reached after two fatal 737 MAX crashes in 2018 and 2019.
00:19 The settlement, which amounted to $2.5 billion, came after Boeing admitted that two of its
00:23 former employees had misled the Federal Aviation Administration about the training requirements
00:27 for a flight control system, which was implicated in the crashes that resulted in 346 fatalities.
00:32 On January 5th, a flight was forced to make an emergency landing in Portland, Oregon after
00:36 a panel of the fuselage separated mid-flight.
00:38 For all things money, visit Benzinga.com.
00:40 [MUSIC]