Boeing announced Wednesday it would give $100 million to communities and families affected by two crashes on its 737 Max planes that claimed 346 lives.
Describing the sum as an “initial investment” over multiple years, the company said it would work with local governments and non-profit organizations to provide “hardship and living expenses” and boost economic development in regions affected by crashes of planes operated by Ethiopian Airlines and Lion Air.
Boeing faces numerous lawsuits filed by the victims’ families, some of whom have appeared at news conferences or during congressional hearings probing the disasters.
The $100 million figure is less than the list price for several leading 737 Max planes. Boeing said it would also match donations from employees to families and communities affected by the accidents.