The National on Nostr: Can the US allow Boeing to fail? ========== The US Justice Department has presented a ...
Can the US allow Boeing to fail?
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The US Justice Department has presented a plea deal to Boeing in connection with two deadly crashes involving its 737 Max aircraft. If accepted, Boeing would plead guilty to violating a 2021 agreement and avoid a criminal trial. However, families of the crash victims have criticized the deal as a "sweetheart plea deal" that does not acknowledge Boeing's responsibility for the deaths. Boeing's status as a top US defense prime makes it unlikely that the government would impose business sanctions on the company. The US government accounted for 37% of Boeing's revenue last year. While a guilty plea may not hamper Boeing's supply chain, it could lead to tighter regulations and increased scrutiny across the industry. Boeing's credit rating is also at risk of falling further, with Fitch revising its outlook to "negative" and Moody's downgrading its credit rating to one notch above junk status.
#Boeing #737Max #PleaDeal #Crashes #AviationIndustry #UsGovernment
https://www.thenationalnews.com/business/aviation/2024/07/03/can-the-us-allow-boeing-to-fail/
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The US Justice Department has presented a plea deal to Boeing in connection with two deadly crashes involving its 737 Max aircraft. If accepted, Boeing would plead guilty to violating a 2021 agreement and avoid a criminal trial. However, families of the crash victims have criticized the deal as a "sweetheart plea deal" that does not acknowledge Boeing's responsibility for the deaths. Boeing's status as a top US defense prime makes it unlikely that the government would impose business sanctions on the company. The US government accounted for 37% of Boeing's revenue last year. While a guilty plea may not hamper Boeing's supply chain, it could lead to tighter regulations and increased scrutiny across the industry. Boeing's credit rating is also at risk of falling further, with Fitch revising its outlook to "negative" and Moody's downgrading its credit rating to one notch above junk status.
#Boeing #737Max #PleaDeal #Crashes #AviationIndustry #UsGovernment
https://www.thenationalnews.com/business/aviation/2024/07/03/can-the-us-allow-boeing-to-fail/