Boeing will pay $2.5 billion to settle charge over 737 Max

Boeing will pay $2.5 billion to settle a Justice Department investigation and admit that employees misled regulators about the safety of its 737 Max aircraft, which suffered two deadly crashes shortly after entering airline service.

The government and the company said on Jan. 7 that the settlement includes money for the crash victims' families, airline customers and a fine.

European Regulator EASA States Boeing 737 Max Is Safe

The head of Europe's aviation safety agency, EASA, has told the BBC he is "certain" Boeing's 737 Max is now safe to fly.

Executive Director Patrick Ky said his organisation had "left no stone unturned" in its review of the aircraft and its analysis of design changes made by the manufacturer.

The plane was grounded in March 2019.

Boeing Fired its CEO

Boeing dismissed its CEO, Dennis Muilenburg, on Monday morning. He will also leave his position as a member of the board of directors.

The corporation's announcement said Muilenburg's responsibilities would be temporarily assumed by CFO Greg Smith. On January 13, 2020 David Calhoun will take over the CEO post.

Boeing is Halting Production of an Aircraft Related to the Crashes in Indonesia and Ethiopia

Boeing is temporarily halted production of the 737 MAX in January, NOVA reports.

In the nine months during which the flights of these aircraft were halted due to the crashes in Indonesia and Ethiopia, Boeing continued to produce machines of the model.

The US Offers Additional Customs Duties For European Goods For $ 4 billion

Just days after the agreement for peace in the US-China trade war, US officials increased the pressure on Europe in the long-term dispute over Airbus aircraft subsidies, threatening to impose high tariffs on imports of additional EU goods worth 4 billion dollars, reports