737 Max Crash: Boeing Sets $100 Million as Compensation

US & Canada News

Following two deadly crash from it Boeing 737 planes, the company has revealed that it's setting aside a whopping sum of $100 million to assist the families of victims and communities impacted by the accidents in October 2018 and March 2019 that killed 346 people.


The Company Chairman and CEO Dennis Muilenburg said in a release announcing the funds that "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, the families and loved ones of those on board have our deepest sympathies, and we hope this initial outreach can help bring them comfort.”

It was established that the victims' families won’t have to waive their right to sue Boeing if they take money from the fund the company was quoted as saying.

The move comes as Boeing continues to feel backlash for how it designed the 737 Max earlier this decade.

Critics say the company rushed to build the plane and did not fully disclose issues regarding the 737 Max MCAS flight control software.