Boeing has reached a settlement in two lawsuits stemming from the fatal Ethiopian Airlines B737 MAX crash in 2019, resolving the cases just days before a high-profile civil trial was set to begin. The legal action was part of broader litigation brought by families of the 157 victims who lost their lives in the tragedy, which occurred near Addis Ababa shortly…
GOL (Brazil) has finalized an individual settlement agreement with the National Treasury Attorney’s Office and the Special Secretariat of the Federal Revenue of Brazil. The agreement addresses and resolves tax liabilities for the company and its subsidiaries, amounting to a total of US$889 million.
Triumph Group, a major aerospace supplier based in the United States, has announced a delay in the issuance of its Q2 fiscal 2025 results. The delay follows a recent favorable settlement with Boeing Commercial Airplanes, related specifically to pricing adjustments on its Interiors contracts. This settlement marks a significant outcome for Triumph Group, potentially impacting…
