Boeing Offers 737 Max Crash Victims And Families $100 Million In ‘Initial Outreach’

Boeing is offering $100 million to support the families of victims and others affected by two crashes of its 737 Max jetliner, which killed 346 people and have led to scores of lawsuits.

The money will go toward “education, hardship and living expenses for impacted families, community programs and economic development in impacted communities,” Boeing said Wednesday in a statement.

The funds would be committed over multiple years.

The pledge—described as an “initial outreach”—underscores the high stakes for Boeing as it navigates one of the worst crises in its 103-year history.

The Chicago-based planemaker has come under scrutiny from wary passengers, investors, customers, and regulators after a pair of fatal crashes prompted the grounding of its marquee Max jet family.