Boeing has agreed to plead guilty to a criminal fraud conspiracy charge and pay a fine of $243.6 million to resolve a U.S. Justice Department investigation into two 737 MAX fatal crashes, the government said in a court filing on Sunday.
Earlier this month, Boeing agreed to buy back Spirit AeroSystems for $4.7 billion in stock and Airbus (AIR.PA), opens new tab moved to take on the supplier's loss-making Europe-focused activities.
Here is a timeline of recent issues surrounding the MAX since the crashes in 2018 and 2019:
OCTOBER 2018: A Lion Air MAX plane crashes in Indonesia, killing all 189 people on board.
NOVEMBER 2018: The U.S. Federal Aviation Administration (FAA) and Boeing begin evaluating the need for software or design changes to 737 MAX jets following the Lion Air crash.
MARCH 2019: An Ethiopian Airlines MAX crashes, killing all 157 people on board. China becomes the first country to ground the MAX, followed by others including the U.S. FAA.
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