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Boeing to pay 737 MAX crash victims’ families Ksh14.4 M each

Reuters…Boeing will pay the families of 346 people killed in two fatal 737 MAX crashes $144,500 each from a $50 million financial assistance fund announced in July, the fund’s administrators said on Monday.

The fund, overseen by Washington lawyers Ken Feinberg and Camille S. Biros, will begin accepting claims from family members immediately. Family members will not be required to waive or release the right to litigate as a condition of participation. The 737 MAX has been grounded since March after fatal crashes in Ethiopia and Indonesia.

Claims must be postmarked no later than Dec. 31, the fund said.

In a statement, Boeing CEO Dennis Muilenburg said the company continued to extend its “deepest sympathies” to the families and loved ones of victims of the twin crashes.

“The opening of this fund is an important step in our efforts to help affected families,” he said.

Boeing also announced in July it planned to spend an additional $50 million to support education and economic empowerment in impacted communities.

Nearly 100 lawsuits have been filed against Boeing by at least a dozen law firms representing families of the Ethiopian Airlines crash victims, who came from 35 different countries, including nine U.S. citizens and 19 Canadians.

Families of about 60 victims have yet to file lawsuits but plaintiffs’ lawyers said they anticipate more to come. Most of the lawsuits do not make a specific dollar claim, though one law firm has said its clients are seeking more than $1 billion.

The lawsuits assert that Boeing defectively designed the automated flight control system. The system is believed to have repeatedly forced the nose lower in both accidents.

Boeing has said it aims to win approval to resume flights early in the fourth quarter.

U.S. Federal Aviation Administration head Steve Dickson told Reuters last week it was not clear when Boeing will be able to conduct a certification test flight. But he said the agency should approve the plane’s return about a month after the test flight occurs unless something unforeseen turns up.

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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.
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