Boeing 737 Air Crash Victims to Get $500 Million Relief

Boeing 737 Air Crash Victims to Get $500 Million Relief

Introduction

The relatives, heirs, passengers and beneficiaries of passengers who died in Lion Air Flight 610 on October 29, 2018, and Ethiopian Airlines ET 302 on March 10, 2019 will get compensated by Boeing company. Around relatives of 346 people killed in two fatal Boeing 737 Max crashes will get the relief amount of $500 million as part of the first settlement.

Each family affected by the Boeing 737 Max crash will get almost a $1.45-million relief amount. Families and heirs of the victims have to complete the claim form by October 15 to get the relief amount.

This fund is a part of a $2.5-billion Justice Department settlement reached in January with Boeing. The prosecutors charged Boeing for fraud in the certification of the 737 Max.

The settlement permitted Boeing to keep away from criminal indictment yet didn't affect common cases by casualties' family members that proceed.

Boeing has covered settlement for almost all claims filed in Lion Air lawsuits. However, it faces various claims in Chicago federal court filed by families of the Ethiopian crash inquiring as to why the MAX kept flying after the major incident in 2019.

The Department of Justice settlement incorporates a fine of $243.6-million and remuneration to aircraft of $1.77-billion over fraud conspiration charges identified with the plane's imperfect design plan.

The Justice Department stated in January that Boeing's workers picked the profit path over genuineness. There was an effort to disguise the material data from the FAA concerning the activity of its 737 Max plane.

Congress requested a significant redesign of how the FAA confirms new planes in December and coordinated a free audit of Boeing's safety culture.