Proactive Investors - Executives at airplane manufacturer Boeing Co (NYSE:BA, ETR:BCO) are unlikely to be criminally charged over two fatal crashes involving its airplanes in 2018 and 2019 that killed 346 people because the statute of limitations has likely passed, victims’ family members were told by a US Justice Department official on Friday,
The details of the meeting were corroborated by a person familiar with the gathering on Friday, news agency Reuters reported.
Most federal crimes need to be prosecuted within five years, it added.
The Justice Department found in mid-May that Boeing violated a 2021 deferred prosecution agreement (DPA) that had shielded the company from a criminal charge arising from the fatal crashes.
Boeing has until June 13 to outline any disagreements with the department's finding that it violated the 2021 agreement.
It said it has "honored the terms of the agreement" and looks forward to responding to the Justice Department, Reuters reported.
The Justice Department is reportedly considering several options, including the potential prosecution of Boeing or extending the DPA by another year.
It did not respond to the publication’s request for comment.