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Boeing promises $100 million to help families affected by deadly crashes By Reuters

© Reuters. Boeing promises $100 million to help families affected by deadly crashes

By Eric M. Johnson

SEATTLE (Reuters) – Boeing (NYSE:) Co on Wednesday said it would give $100 million to organizations to help families affected by the deadly crashes of the company’s 737 MAX planes in Indonesia and Ethiopia.

The multiyear payout is independent of lawsuits filed in the wake of the crashes, which together killed 346 people, a Boeing spokesman said.

“These funds will support education, hardship and living expenses for impacted families, community programs, and economic development in impacted communities,” Boeing said. “Boeing will partner with local governments and non-profit organizations to address these needs.”

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