Boeing is set to begin compensation payments for 737 Max crash victims, amounting to a total of $50 million, with each of the approximately 346 families set to receive $144,500 each.
The Boeing Financial Assistance Fund set aside for the victims’ relatives is half of a $100 million pledge earlier announced in July, with the remaining $50 million aimed at supporting education and economic empowerment in impacted communities.
The fund, whose claims must be made before December 31, will begin accepting claims from family members immediately. Family members will not be required to waive or release the right to litigate as a condition of participation.
Boeing’s 737 Max jets were grounded worldwide in March after Ethiopian Airlines Flight 302 crashed shortly after takeoff, killing all 157 people on board. It came five months after the crash of Lion Air Flight 610, also a 737 Max, in October 2018. All 189 people on board were killed.