Although the full reports on these crashes are still pending, Muilenburg earlier this year accepted the blame, acknowledging that “it is apparent that in both flights, the Maneuvering Characteristics Augmentation System, known as MCAS, activated in response to erroneous angle of attack information.
In a statement, the company said it expected the money to “address family and community needs,” and “support education, hardship and living expenses. “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,” said CEO and president Dennis Muilenburg in the statement.
The amounts these could bring are very difficult to predict, but given the loss of life and that the flaws that led to it can be traced directly to mistakes by Boeing, the company could be on the hook for hundreds of millions more.