Boeing Offers $100 Million Fund To 737 Max Crash Victims Families

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Boeing has recently announced $100 million fund for the families and communities of the people who died in the two 737 Max crashes since last October.

The company says it will partner with local governments and nonprofit organizations, and that the funds will support education, hardship and living expenses for impacted families, community programs, and economic development in impacted communities.

The $100 million in funding will be made available over multiple years, says Boeing, which generated $101 billion in revenue last year. The company says it will release more information in the near future.

Boeing also said that its employees will be able to make donations to the fund, which the company will match through December 31st, 2019.

Boeing’s chairman and CEO Dennis Muilenburg said in a statement: “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.”

A spokesperson for Boeing says that the $100 million pledge is independent of the lawsuits filed by the families and loved ones of those onboard Ethiopian Airlines Flight 302 and Lion Air Flight 610, and is not meant to stop any legal proceedings.

“We’ve been assessing a variety of ways to assist the families and communities impacted and determined that this is a constructive step that we can take now. As the investigations continue, Boeing is cooperating fully with the investigating authorities. We won’t comment on individual lawsuits directly,” says the spokesperson