Boeing has agreed to pay $1.1 billion to settle a DOJ investigation into two fatal 737 Max crashes, avoiding an impending criminal fraud trial.

Aircraft maker Boeing has reached a deal with the Department of Justice (DOJ) that enables it to escape prosecution for a fraud charge related to two 737 Max crashes

The department agreed not to prosecute Boeing at the time, however, if the company paid a $2.5 billion settlement, including the $243.6 million fine, and took steps to comply with anti-fraud laws ...

The agreement, revealed this week, would enable the aerospace giant to sidestep the criminal fraud trial that was set to commence on 23 June, subject to approval by a federal judge.

The U.S. Justice Department has formally moved to dismiss a criminal fraud charge against Boeing and asked a judge to cancel an upcoming trial connected to two plane crashes that killed 346 people.

The US justice department has struck a deal with Boeing that allows the plane maker to avoid prosecution for defrauding aviation regulators, provided a federal judge approves the agreement, according to a securities filing.