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Boeing promises to give $100M fund to families of the crash victims

The world’s largest and leading aerospace company Boeing pledged to support families left behind by the victims of 737 MAX planes (Lion Air 610 and Ethiopian Airlines Flight 302) accidents.

Months after the tragic news about the 737 MAX planes incident, Boeing said in a statement that they are giving $100M to support the family and community needs of the crash victims. According to Boeing, these funds will support education, hardships and living expenses for the impacted families and communities.

The mournful news brings Boeing to dozens of lawsuits filed by the families of the crash. Boeing is still in talks for a settlement for both Lion Air 610 and Ethiopian Airlines Flight 302 victims, though some of the families are not yet ready to conclude.

“We at Boeing are sorry for the tragic loss of lives in both of these accidents and these lives lost will continue to weigh heavily on our hearts and on our minds for years to come. The families and loved ones of those on board have our deepest sympathies, and we hope this initial outreach can help bring them comfort,” said Dennis Muilenburg, chairman, president and CEO at Boeing.

Even though investigations of the incident is still in progress, Muilenburg accepted all the blame. “We know every person who steps aboard one of our airplanes places their trust in us. We are focused on re-earning that trust and confidence from our customers and the flying public in the months ahead,” Muilenberg added.

Boeing also addressed the issues of 737 MAX and promised to fix the issues for future operations. “As the investigations continue, Boeing is cooperating fully with the investigating authorities. We won’t comment on individual lawsuits directly,” a Boeing spokesperson said.

The said funding will be made over multiple years.