Boeing has announced that it will be availing the initial $50 million to families of the ill-fated Lion Air Flight 610 and Ethiopian Airways Flight 302 accidents.
The manufacturer has started receiving applications from families that lost loved ones in the Ethiopian Airlines crash in March. It is expected that each family will be entitled to $144,500 (Sh15 million).
When the plane crashed on March 10, killing all the 157 on board, 36 were Kenyans.
A statement from Boeing stated that the two administrators of the Boeing Financial Assistance Fund, Kenneth R. Feinberg and Camille S. Biros, announced that the fund is now operational.
“The recent 737 MAX tragedies weigh heavily on all of us at Boeing, and we continue to extend our deepest sympathies to the families and loved ones of all those on board,” said Dennis Muilenburg, chairman, president and CEO of The Boeing Company. “The opening of this fund is an important step in our efforts to help affected families. We thank Ken Feinberg and Camille Biros for their important work leading this effort.”
The ET302 plane destined for Nairobi crashed at a farm in Bishoftu, about 44 kilometers southeast of the capital Addis Ababa. It was just six minutes after taking off from Bole International Airport.
An anti-stalling system—Manoeuvring Characteristics Augmentation System (MCAS)—on the Boeing 737 Max had been blamed for the crash.
The $50 million Boeing Financial Assistance Fund represents the initial expenditure of a $100 million pledge by Boeing to address family and community needs of those affected by the tragedies.
The company said that the additional $50 million in funds will support education and economic empowerment in impacted communities. Boeing is developing partnerships with local governments and non-profit organizations to address those varying needs.