Boeing officials announced the company is dedicating $50 million of a previously announced $100 million fund to the families of victims killed in two crashes involving 737 MAX airplanes.
The fund will benefit those impacted by the Lion Air Flight 610 and Ethiopian Flight 302 crashes, and will be established with victims’ compensation funds experts Kenneth Feinberg and Camille Biros.
“The tragic loss of life in both accidents continues to weigh heavily on all of us at Boeing, and we have the utmost sympathy for the loved ones of those on board,” said Dennis Muilenburg, chairman CEO, Boeing. “Through our partnership with Feinberg and Biros, we hope affected families receive needed assistance as quickly and efficiently as possible.”
The dedication will address family and community needs, distributed by Feinberg and Biros, independent of any resolution provided through the legal process.
“We know how important it is to assist the families of the victims who have endured a personal tragedy and will work to design and administer the fund and distribute the money as efficiently and expeditiously as possible,” Biros said.
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