The company announced that the money will go to local nonprofit organizations and community groups to help distribute the funds. They are used to support education, including tuition or other school costs for children of victims, and "Emergency or Living Costs for Affected Families", Boeing ( BA ) Speaker of Boeing.
Sacrificial families accepting funds from this pool do not have to forego the right to take legal action against the company. The company faces several lawsuits over the 737 Max incident.
"We at Boeing regret the tragic loss of life in these two accidents, and these losses will be hard to remember for years to come. The families and relatives of the people on board have our deepest sympathy and we hope that this first Dennis Muilenburg, Chairman, President and CEO of Boeing Worldwide said in March after one of the Ethiopian Airlines flew vehicles crashed shortly after takeoff. In late 201
8, a crash of a 737 Max, which was flown by the Indonesian airline Lion Air.
Grounding forced airlines to cancel hundreds of flights, and it's not clear when Boeing's 737 Max, Boeing's best-selling aircraft, is set to fly again.