Boeing’s 737 Max 8 is grounded after two crashes that killed 346 people. 475"}’>Boeing’s 737 Max 8 planes have been grounded since March following two crashes, caused by malfunctioning software, that left 346 people dead.
"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," said Dennis Muilenburg, Boeing CEO, in a statement.
The company said the funds will address "family and community needs" and support "education, hardship and living expenses for impacted families, community programs and economic development in impacted communities".
The first 737 Max 8 crash occured Oct. 29, when Lion Air flight 610 crashed in the Java Sea 13 minutes after takeoff from Jakarta, Indonesia, killing 189 people.
On Tuesday Boeing announced it would be spending $100 million in the coming years to aid the families affected by the tragedies.
Then, on March 10, Ethiopian Airlines flight 302 departed Addis Ababa Bole International Airport bound for Nairobi, Kenya.
Boeing pledges $100M to families of those killed in 737 Max 8 crashes https://t.co/mSAK6ZtzPS— CNET News (@CNETNews) July 4, 2019