victims families: The 100 million figure is less than the list price for several leading 737 Max planes, according to The Japan Times. Boeing said it would also match donations from employees to families and communities affected by the accidents. Describing the sum as an initial investment over multiple years, the company said it would work with local governments and nonprofit organizations to provide hardship and living expenses and boost economic development in regions affected by crashes of planes that were 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. 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, said Boeing Chief Executive Dennis Muilenburg in a statement to the media. Boeing referenced multiple lawsuits in an April securities filing, saying it was also cooperating with various regulatory probes. The families and loved ones of those on board have our deepest sympathies and we hope this initial outreach can help bring them comfort.
(news.financializer.com). As
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