Fatal crashes: Boeing shares weak in the pre-trading session: lawsuit by shareholders against Boeing due to 737-MAX crashes admissible according to US court | news
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It has been proven that the board of directors lied about whether and how they monitored the safety of the 737 MAX, the verdict on Tuesday said. The first of the two crashes was a “warning” about a bug in the MCAS security system, “which the board should have taken into account but instead ignored”. That the board of directors knowingly failed can also be seen in the fact that it stated at the time that it had taken certain measures to monitor security, which it had not actually taken.
The then Boeing director and current company boss Dave Calhoun had testified that the board of directors was informed “immediately and by and large” after the first crash of a Lion Air machine and then met “very, very quickly”. Even after the second crash – an Ethiopian Airlines machine – the board of directors met within 24 hours of the accident to discuss a possible flight ban on the 737 MAX. “Each of Calhoun’s accounts was wrong,” said the court ruling.
Boeing was initially unavailable for comment. A total of 346 people were killed in the crashes. The US aviation authority FAA placed the 737 MAX with a 20-month flight ban and can now take off again under strict conditions after an overhaul.
The Boeing share listed on the NYSE temporarily lost 0.51 percent to 213.15 US dollars in pre-market trading.
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