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Boeing Gives $100m To Help 737 Max Crash Families - Business - Nairaland

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Boeing Gives $100m To Help 737 Max Crash Families by JayKayMaybachz(m): 7:29pm On Jul 03, 2019


Boeing is giving $100m (£80m) to help families affected by the two crashes of the company's 737 Max planes in Indonesia and Ethiopia.

The payment, stretching over several years, is independent of lawsuits filed in the wake of the disasters, which together killed 346 people.

The money will support education and living expenses for families and community programmes, Boeing said.

Boeing's 737 Max has been grounded worldwide since March.

The loss of Ethiopian Airlines' flight ET302 in March was the second fatal accident involving a 737 Max in the space of five months. A near identical aircraft, owned by the Indonesian carrier Lion Air, went down in the sea off Jakarta in October 2018.

Crash investigators have focussed on the aircraft's control system and Boeing has been working with regulators to roll out a software upgrade. But there is still no date when the manufacturer's top-selling aircraft might be cleared to fly again.

Boeing said in a statement on Wednesday that the "funds will support education, hardship and living expenses for impacted families, community programs, and economic development in impacted communities. Boeing will partner with local governments and non-profit organizations to address these needs. This initial investment will be made over multiple years."

Dennis Muilenburg, the chairman and chief executive, added: "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," he said.

Nomi Husain, a Texas-based lawyer representing some of the families of victims of ET 302, said Boeing's payment "doesn't come anywhere close to compensating the families for what has been taken from them".

He told the BBC's transport correspondent Tom Burridge that "some of our clients are not interested in financial compensation at this point" and that Boeing "put profit over safety to get their number-one selling plane to market" - a claim the planemaker strongly denies.

Mr Husain has so far filed seven cases on behalf of families, with some of those lawsuits seeking damages of $276m. He estimated that about 50 lawsuits had so far been filed by victims' families.

Some families are waiting for further information about the technical causes of the crashes and how regulators cleared the 737 Max to fly before deciding on legal action, he said. But many others just want the truth, he added.

https://www.bbc.com/news/business-48859463?ns_campaign=bbcnews&ns_mchannel=social&ns_source=twitter&ocid=socialflow_twitter
Re: Boeing Gives $100m To Help 737 Max Crash Families by koyeni(m): 7:35pm On Jul 03, 2019
Ok
Re: Boeing Gives $100m To Help 737 Max Crash Families by MrBrownJay1(m): 12:30am On Jul 04, 2019
Added with the money the insurance will pay the families, it's a small token, but worthy.... I guess they wanna keep a positive image of their brand who is crashing miserably (when it comes to the 737 max issues)

5 Likes

Re: Boeing Gives $100m To Help 737 Max Crash Families by ogb5(m): 2:32am On Jul 04, 2019
That compensation is too small for two crashes.

Let us see what the insurance will come up with first.

2 Likes

Re: Boeing Gives $100m To Help 737 Max Crash Families by Kreamie(m): 5:48am On Jul 04, 2019
A whole Boeing? $100m?

Too little a compensation tbvh!!!

The families should reject it!! The fact that the offered to pay $100m without stress means they’re trying to hide something.

The families should squeeze all they can out of them undecided

24 Likes

Re: Boeing Gives $100m To Help 737 Max Crash Families by owolabi5: 5:49am On Jul 04, 2019
Fat Cash can't replace lost souls; if you know, you know!

Meanwhile

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1 Like

Re: Boeing Gives $100m To Help 737 Max Crash Families by nairalee(m): 5:49am On Jul 04, 2019
They should also foot the bill of the funeral service of ALL the victims
Re: Boeing Gives $100m To Help 737 Max Crash Families by gambia(m): 5:49am On Jul 04, 2019
Noted
Re: Boeing Gives $100m To Help 737 Max Crash Families by sloye5(m): 5:50am On Jul 04, 2019
money cant buy life but this is a start
Re: Boeing Gives $100m To Help 737 Max Crash Families by starbuck(f): 5:50am On Jul 04, 2019
Some people here will wish to be in the same shoe of these victims lipsrsealed lipsrsealed

7 Likes

Re: Boeing Gives $100m To Help 737 Max Crash Families by Nobody: 5:52am On Jul 04, 2019
They better oh


So many people lost their bread winners
Re: Boeing Gives $100m To Help 737 Max Crash Families by opalu: 5:53am On Jul 04, 2019
Good
Re: Boeing Gives $100m To Help 737 Max Crash Families by KingOdart(m): 5:53am On Jul 04, 2019
money would never cure the pain and agony but it will reduce their stress and help them through it

9 Likes

Re: Boeing Gives $100m To Help 737 Max Crash Families by maj59(m): 5:53am On Jul 04, 2019
chai....I almost make it to FTC for the first time since 2016
Re: Boeing Gives $100m To Help 737 Max Crash Families by KingOdart(m): 5:54am On Jul 04, 2019
starbuck:
Some people here will wish to be in the same shoe of these victims lipsrsealed lipsrsealed


A lot of Fools on Nairaland

Can't believe i read this early morning





Who would wish to lose his/her love ones or family just to be compensate some dollars?

25 Likes 1 Share

Re: Boeing Gives $100m To Help 737 Max Crash Families by Mac2016(m): 5:55am On Jul 04, 2019
Prof Pius Adesanmi and others will forever be missed. Sobbing �

5 Likes

Re: Boeing Gives $100m To Help 737 Max Crash Families by lonelydora: 5:58am On Jul 04, 2019
No amount of money can equal life, but the good thing is they showed concern.
Re: Boeing Gives $100m To Help 737 Max Crash Families by honcdm01(m): 5:58am On Jul 04, 2019
Ok

1 Like

Re: Boeing Gives $100m To Help 737 Max Crash Families by AmericanSons: 5:58am On Jul 04, 2019
MrBrownJay1:
Added with the money the insurance will pay the families, it's a small token, but worthy.... I guess they wanna keep a positive image of their brand who is crashing miserably (when it comes to the 737 max issues)
they are not serious... 100,000,000/346 is not even up to 50k USD. This is rubbish
Re: Boeing Gives $100m To Help 737 Max Crash Families by Nobody: 5:59am On Jul 04, 2019
KingOdart:



A lot of Fools on Nairaland

Can't believe i read this early money


I pity the guy that will marry you


Who would wish to lose his love one and family just to be compensate some dollars?
I don't know why some of you guys can't learn how to mind your business. What is actually wrong with her comment? You're having pity for the guy that would marry her? Have you sit down and look at others who feel pity for the unfortunate girl that would end up with you? All in your bid to look intelligent, you ended up looking silly as you cannot differentiate between "MORNING" and "MONEY"

6 Likes

Re: Boeing Gives $100m To Help 737 Max Crash Families by Nobody: 5:59am On Jul 04, 2019
Yes it cant replace lives, yes it cant bring back the dead, but its inevitable via various means... if yours comes with palliatives for your family and loved ones, appreciate God..

People have died for free here,
herdsmen have butchered for free,
Ritualists have butchered for free,
Bad roads have killed for free,
Dangote trucks have killed for free,
Hospital negligence have killed for free,
Religious extremists have murdered thousands for free

9 Likes

Re: Boeing Gives $100m To Help 737 Max Crash Families by ichidodo: 5:59am On Jul 04, 2019
That's just shyte money...Boeing is worth more than a Trillion $. A billion dollar settlement should go a long way.
Re: Boeing Gives $100m To Help 737 Max Crash Families by Nobody: 6:01am On Jul 04, 2019
Okkkk
Re: Boeing Gives $100m To Help 737 Max Crash Families by AngelicBeing: 6:01am On Jul 04, 2019
sad
Re: Boeing Gives $100m To Help 737 Max Crash Families by sotall(m): 6:02am On Jul 04, 2019
Some people on this thread on seeing $100m will be wishing their family members is on the list of the victims
Re: Boeing Gives $100m To Help 737 Max Crash Families by englishmart(m): 6:02am On Jul 04, 2019
Don't be tempted to die. grin grin grin

1 Like

Re: Boeing Gives $100m To Help 737 Max Crash Families by TANID(m): 6:03am On Jul 04, 2019
Hmmmm! Good, But Still That Money Is Not Up To Lives That Has Been Lost. Even If It's 100Billion Dollars For Each, Yet It's Not Enough.
Re: Boeing Gives $100m To Help 737 Max Crash Families by Nobody: 6:03am On Jul 04, 2019
Kreamie:
A whole Boeing? $100m?

Too little a compensation tbvh!!!

The families should reject it!! The fact that the offered to pay $100m without stress means they’re trying to hide something.

The families should squeeze all they can out of them undecided

Harvey Specter and Mike could probably squeeze a couple of hundred million from Boeing.

4 Likes

Re: Boeing Gives $100m To Help 737 Max Crash Families by jmaine: 6:04am On Jul 04, 2019
AmericanSons:
they are not serious... 100,000,000/346 is not even up to 50k USD. This is rubbish

That is 289k...check your calculation again

6 Likes

Re: Boeing Gives $100m To Help 737 Max Crash Families by MrBrownJay1(m): 6:04am On Jul 04, 2019
AmericanSons:
they are not serious... 100,000,000/346 is not even up to 50k USD. This is rubbish

bro, i guess math wasnt your best subject in school...100M divided by 346 is equal to a little more than 285k USD each

and remember, then comes the money from the insurance, on top of that.

10 Likes 1 Share

Re: Boeing Gives $100m To Help 737 Max Crash Families by agarawu23(m): 6:04am On Jul 04, 2019
Boeing must be joking
Re: Boeing Gives $100m To Help 737 Max Crash Families by TANID(m): 6:07am On Jul 04, 2019
starbuck:
Some people here will wish to be in the same shoe of these victims lipsrsealed lipsrsealed
grin grin grin

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