Boeing Dedicates $50 Million of Pledged $100 Million to Near-term Relief for Families of the Victims of the Lion Air Flight 610 and Ethiopian Airlines Flight 302 Accidents
Chicago, July 17, 2019 – Boeing [NYSE: BA] announced that it has dedicated $50 million of a previously announced $100 million fund to provide near-term financial assistance to families of the victims of the Lion Air Flight 610 and Ethiopian Flight 302 accidents. Boeing also announced that it has retained Kenneth Feinberg and Camille Biros, nationally known experts in establishing and overseeing victims’ compensation funds, to design and administer the fund.
Boeing completed the first engineering flight with Boeing test pilots to evaluate the updated MCAS software. Results provided to engineers and specialists to further enable software development processes.