lion air

OpenCalais Metadata: Ticker

OpenCalais Metadata: LegalName

PT Lion Mentari

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.

Turkish Airlines, Boeing reach compensation deal

Turkish Airlines and U.S. aircraft maker Boeing have agreed on compensation for losses from grounded and undelivered aircraft, Turkey's flag carrier announced in a statement on Dec. 31.

"Boeing will cover some of our loss and the revenue that we cannot generate because our grounded aircraft are not used in operations," said the statement on a public disclosure platform.

Pages