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🚨 **Important Update: Boeing's Legal Decision by July 5th** 🚨 Boeing is facing a major decision. By July 5th, they need to decide if they will plead guilty to charges related to the two tragic 737 Max crashes. 🛫💔 The Justice Department discussed this with the victims' families and their attorneys on June 30. This is a crucial moment for Boeing, and the entire aviation industry is watching closely. To learn more about this development, you can check out the detailed article from SupplyChainBrain here: [Justice Department to Charge Boeing; Seeks Guilty Plea from Planemaker](https://lnkd.in/gb3uXFVb). #AviationNews #Boeing737Max #JusticeDepartment #SupplyChainBrain

Boeing Admits Guilt in 737 MAX Crashes, but Top Executives Avoid Prosecution 🛫🚨 Tuesday, July 09, 2024 In a major development, the world's leading aircraft manufacturer, Boeing, has agreed to plead guilty to charges of conspiracy to defraud the United States in relation to the deadly 737 MAX crashes. The company will pay a staggering $243.6 million fine as part of the settlement. 🇺🇸💰 However, the question remains: will the top executives of the "American giant" face legal consequences? 🤔 According to officials at the U.S. Department of Justice, the likelihood of criminal charges being filed against former Boeing leaders is relatively low, due to limitations in the statute of limitations. The families of the victims have called for the prosecution of Boeing's top brass, but DOJ officials have stated that it would be challenging to prove charges related to manslaughter or fraud in the aircraft parts. 🔍⚖️ ## Lack of Accountability Raises Concerns 🚨💔 The decision not to pursue criminal charges against Boeing's former executives has sparked outrage among the victims' families and the general public. Many are questioning the fairness of the justice system, as the company has admitted to wrongdoing, but the individuals responsible seem to be evading accountability. 😡🧐 "It's a slap on the wrist for Boeing, but the real culprits are walking free," said one family member of a 737 MAX crash victim. "Where is the justice?" 🗣️💔 The Boeing settlement and the lack of individual prosecutions have raised concerns about the ability of the justice system to hold corporate leaders accountable for their actions, even in cases where lives have been lost. 🤯🔍 As the aviation industry and the public grapple with the aftermath of the 737 MAX tragedies, the question of whether true justice will be served remains a pressing issue. 🛫🚧 #Boeing #737MAX #AviationSafety #CorporateAccountability #JusticeSystem #VictimsFamilies #AviationIndustry #USJusticeSystem #CorporateCrimes #AviationTragedies #AviationRegulation #AviationSecurity #AviationInnovation #AviationTechnology #AviationNews #AviationIndustryNews #AviationSafetyRegulations #CorporateResponsibility #CorporateEthics #AviationAccidents #AviationInvestigations

The plea agreement would mark Boeing as a convicted felon, as well as mandate the company to pay $243.6 million in fines. Follow the link to discover more: https://zurl.co/OiWs Subscribe now for more premium content. #Aviation #Boeing #AviationBusinessME

Boeing, always in the news for the worst reasons, demonstrates the unwillingness of government regulators to hold them to account due to their role as a key government contractor and supposed monopolistic champion of US commercial aviation. The Trump DOJ seemingly built a serious criminal case against the corporation and 2 pilot-executives for conspiring to defraud the FAA by withholding information vital to the safe operation of its 737 Max planes, two of which crashed and killed all on board, but charged neither individual nor the corporation. Instead DOJ reached a deferred prosecution agreement with the corporation in the waning days of the Trump administration, nominally requiring it to make certain minor investments in improving safety. 3.5 years and numerous highly-publicized safety failures and scandals later, combined with exorbitant compensation (32 MM annually) to its CEO, DOJ and the FAA are back to the drawing board in trying to reign-in a declining out of control legacy-aviation monopoly. With no apparent possibility remaining to criminally prosecute individuals from the original criminal 737 Max conspiracy, and no indication of an ongoing criminal investigation into the more recent revelations, DOJ is now seeking to enforce what it can from the corporate deferred prosecution agreement. This will include more corporate reshuffling of nominal safety officers at Boeing, the appointment of an independent corporate monitor, and a corporate fine that equals about 7 years of the CEO's compensation. But no criminal prosecutions of responsible individuals. The monitor better be able to wield a big stick. #Compliance #WhiteCollarCrime #CorporateCriminalResponsibility #Boeing #CorporateGovernance

🚨 Where do we draw the line of morality in setting a price on someone's life? 🚨 Yesterday Boeing has pled guilty to a criminal fraud charge for the 2018 and 2019 crashes of its 737 Max aircraft, which resulted in 346 deaths. This deal includes a $244 million fine, safety investments, and oversight by an independent monitor. Additionally, $500 million was specifically allocated to compensate victims' families. However, no individual executives or employees are facing criminal charges. This situation raises important questions about corporate versus individual accountability. Is it enough to hold the company liable while those responsible for critical decisions face no significant repercussions? What does this mean for corporate ethics and the value of human life?

Boeing Has Agreed To Plead Guilty to Fraud for Violating US Justice Department Deal Over 737 Max Crashes It was awaited, and could be one of the low points in company's glorious history, latest development is, Boeing has agreed to plead guilty to a criminal fraud charge tied to the 737 Max crashes, months after a near-catastrophe in January prompted the Justice Department to revisit a 2021 settlement that protected Boeing from prosecution.   Under the agreement in principle with US prosecutors, Boeing faces the criminal fine of as much as $487.2 million, the maximum allowed by law, though the actual amount will be determined by a judge, according to the Justice Department. Read more at: https://lnkd.in/dfe8RV24 #AviationTalk #aviationnews #avgeek #aviation

Two historic milestones for Boeing came into view within a span of a few hours on Sunday, and provided a new insight into the depths of its crisis. The Justice Department is pressing the planemaker to plead guilty to fraud as part of a settlement that would resolve some of its most pressing legal issues. And Boeing announced a $4.7 billion deal to acquire its largest supplier, Spirit AeroSystems, a deal that would unwind its largest foray into outsourcing after nearly two decades. It's hard to imagine either happening if not for a near-catastrophe involving a 737 Max in January. The Congressional hearings, investigations and parade of whistleblowers that ensued have cast a harsh light on the company's culture and its struggles as a manufacturer in a post-pandemic world. For investors, there's some relief to better understanding two of the company's biggest risks. But others remain -- like a potentially crippling strike in September. The Spirit deal would cut out the red tape that comes with a subcontractor, giving Boeing more leeway to address incomplete or defective work head-on. One of the eye-opening facets of the factory breakdown that led to a door-plug exploding out of an Alaska Airlines Max in January is the wrangling between the two companies over repairing five defective rivets until the jet had reached the end of a Renton assembly line. Boeing executives had promised to wrap up the transaction by the end of the second quarter, and the deal squeaked over the line in most US time zones. The announced terms revealed another cost to shoring up Spirit's operation and finances. That's the $559 million Boeing is effectively paying Airbus to take over money-losing Spirit factories in Belfast and North Carolina that support the A220 and A350 programs. Airbus will get control of the facilities and tooling for a token $1. But with Spirit wracking up nearly $1 billion in forward losses on those two jet programs since 2019, only time will tell if Toulouse got the bargain of the year -- or overpaid. #Boeing #Airbus #aviation #MNA

Boeing Pleads Guilty and Faces Significant Penalties 🚨 AND agrees to pay over $2 BILLION DOLLARS! Recently, Boeing has made headlines by pleading guilty to criminal conspiracy charges and agreeing to pay up to $487 million in fines, with a possible reduction to $243.6 million. Additionally, Boeing will invest $455 million into its compliance and safety programs under the supervision of an independent monitor for the next three years. While this move might help Boeing wipe the slate clean and move forward, we must not lose sight of the larger picture. The fine may be a step towards accountability, but it pales in comparison to the profound impact on the lives of those affected by the 737 Max crashes. It’s crucial that we continue to advocate for the victims and ensure they receive the justice and support they deserve. As we look ahead, let’s remain vigilant and committed to fostering a culture of safety and responsibility in aviation. The journey towards genuine accountability and improvement doesn’t end with a fine. What are your thoughts on this development? How can we ensure that such incidents don’t repeat in the future? https://lnkd.in/g9iRyuDa #Boeing #Accountability #AviationSafety #JusticeForVictims