Boeing avoids criminal trial in 737 Max crashes
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Many relatives of the passengers who died in the Boing 2018 and 2019 crashes have spent years pushing for a public trial.
The agreement allows Boeing to avoid being branded a convicted felon and is a blow to families who lost relatives in the crashes.
The Justice Department has reached a deal with Boeing that will allow the company to avoid criminal prosecution for allegedly misleading U.S. regulators about the 737 Max jetliner before two of the planes crashed and killed 346 people.
Boeing’s fundamentals have been improving, but the recent spike up in the stock seems to be more about investors being afraid not to own it, Vertical Research said.
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Boeing is also using machine learning to catch quality problems in its supply chain before they become widespread. While it is still "fine tuning" the approach, it is seeing statistical correlations between the data and the likelihood of supply chain issues, Ackerman said.
In its fourth annual safety report since the deadly MAX crashes, Boeing laid out a multi-pronged safety plan and said it's seeing progress.
After a disastrous stretch of scandals linked to the 737 MAX jet, the plane maker is listening closely when workers find problems.