Boeing pledges $100M to families of 737 Max crash victims – TechCrunch

Boeing has said it will offer $100 million to the families and communities of those who died aboard the two 737 Max passenger jets that crashed earlier this This "initial outreach" will likely only be a small part of the company's penance for the mistakes that led to the deaths of 346 people.

Boeing pledges 0M to families of 737 Max crash victims – TechCrunch

Curated via Twitter from TechCrunch’s twitter account….

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.

Link to original article….

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