Boeing pledges $100 million for 737 MAX crash victims - News Summed Up

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Boeing pledges $100 million for 737 MAX crash victims


American aircraft manufacturer Boeing Co on Wednesday said it would give $100 million over multiple years to local governments and non-profit organizations to help families and communities affected by the deadly crashes of its 737 MAX planes in Indonesia and Ethiopia. The $100 million is meant to help with education and living expenses and to spur economic development in affected communities, Boeing said. Anton Sahadi, a representative of relatives of the Lion Air crash victims quoted by Reuters, said the families appreciated the $100 million fund but it did not mean they would stop lawsuits. Boeing has abandoned its financial forecast for 2019 as it faces questions about the plane’s development and testing and its own transparency. The Max is the fourth generation of a venerable brand—Boeing’s best-selling 737 series, first flown in 1967.


Source: The North Africa Journal July 04, 2019 15:00 UTC



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