Reportedly, Boeing will be compensating families of the 346 people killed in the deadly crashes of its 737 MAX planes in Indonesia and Ethiopia in October 2018 and March this year respectively. They have set up a $100 million fund to reach victim’s families through local governments and non-profit organizations to meet needs like education and other living expenses.
Dennis Muilenburg, Chief Executive Boeing stated “The families and loved ones of those on board have our deepest sympathies, and we hope this initial outreach can help bring them comfort,”
The company is facing severe criticism over its less than coordinated responses on the crashes and has been charged with dozens of lawsuits by the families of Lion Air and Ethiopian Airlines crash victims & the charges are still under negotiation.
Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page.
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