Bad news for Boeing. The United States Department of Justice has ordered the aircraft manufacturer to pay a fine of 2.5 billion dollars for accidents resulting from the 737 Max, its best-selling products. The news has been like a jug of cold water in its price and its shares are falling 1.3% on Wall Street after hours, which collects after-hours operations.
“The tragic accidents of Lion Air Flight 610 and Ethiopian Airlines Flight 302 disclosed the fraudulent and deceptive conduct of employees from one of the world's leading commercial aircraft manufacturers, ”Acting Assistant Attorney General David P. Burns denounced in a statement.
"Boeing employees they chose the path of profit on the frankness in withholding material information from the FAA about the operation of its 737 Max aircraft and making an effort to cover up its deception, "Burns continued.
The news comes after several companies have placed their trust in Boeing again in recent weeks. The latest has been Amazon. The online shopping giant has acquired 11 aircraft from the company to expand its cargo fleet in 2021 and 2022