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Boeing to give $100mn to communities, families affected by 2 crashes of 737 MAX planes
3 Jul, 2019 15:59
People work near the door of a 737 Max aircraft at the Boeing factory in Renton, Washington, US, March 27, 2019. © Reuters / Lindsey Wasson / File Photo
Boeing said on Wednesday it would give $100 million to communities and families affected by two crashes on its 737 MAX planes that claimed 346 lives.
The company described the sum as an "initial investment" over multiple years, saying it would work with local governments and non-profit organizations to provide "hardship and living expenses."
The payments will also boost economic development in regions affected by crashes of planes operated by Ethiopian Airlines and Lion Air, AFP reports.
The $100 million figure is less than the list price for several leading 737 MAX planes. Boeing referenced "multiple lawsuits" in an April securities filing, saying it was also cooperating with various regulatory probes.