Boeing Commits $100M to Assist Victims of 737 Max crashes

Boeing has announced that it is setting up a $100 million fund to address the family and community needs of individuals affected by the Lion Air and Ethiopian Airlines 737 Max aircraft crashes.

The investment, which will be made over multiple years, will go to support education, hardship and living expenses for families; community programs; and economic development in the communities impacted by the tragedies. Families of victims who accept money from the fund will not be precluded from pursuing separate legal action against Boeing.

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, says Dennis Muilenburg, Boeing chairman, president and chief executive officer. The families and loved ones of those on board have our deepest sympathies, and we hope this initial outreach can help bring them comfort.

Muilenburg adds that the company understands that the flying public places its trust in Boeing every time they step onto a Boeing airplane. We are focused on re-earning that trust and confidence from our customers and the flying public in the months ahead, he says.

Boeing says it will partner with local governments and nonprofit groups serving the affected communities to address the needs. In addition, Boeing will match employees charitable donations in support of the affected families and communities through the end of the year.