Boeing To Pay Each Of B-737 Max Air Crashes $144,500 Compensation

Families who lost relatives in fatal Boeing 737 Max Air crashes are set to receive about $144,500 each from the company.

The money comes from a $50m financial assistance fund, which Boeing announced in July.

The fund has started accepting claims, which must be submitted before 2020.

Lawyers for the victims’ families, many of whom are pursuing the company in court, have dismissed the fund as a publicity stunt.

The 737 max has been grounded since March, as investigators evaluate the airplane’s safety following fatal crashes in Indonesia and Ethiopia, which claimed the lives of more than 340 people.

Boeing in July pledged $100m to families and communities affected by the crashes.

The company later said half would be reserved for direct payments to families, with the other half set aside for education and development programmes in affected communities.

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