Market Overview

Boeing Sets Aside $100M For 737 Max Crash Victims

Share:
Boeing Sets Aside $100M For 737 Max Crash Victims

Boeing (NYSE: BA) has set aside $100 million in funds for community needs of those affected by tragic accidents of Lion Air Flight 610 and Ethiopian Airlines Flight 302.

The funds will support education, hardship and living expenses for impacted families, community programs, and economic development. The investment will be made over multiple years.

On March 10, the Ethiopian Airlines Flight 302, a Boeing 737 MAX jet was scheduled from Addis Ababa Bole International Airport in Ethiopia to Jomo Kenyatta International Airport in Nairobi, Kenya the flight crashed near the town of Bishoftu six minutes after takeoff, killing all 157 people aboard.

The 737 Max jets have been grounded since March after two fatal crashes in five months.

Boeing shares traded around $352.89 at time of publicaiton. The stock is down more than 9% year to date.

Related Links:

The Boeing 737 MAX Has Been Grounded Since March: How Are Airlines Responding?

Delta's Solid Q2 Guidance Boosts Airline Stocks

Photo credit: Jeff Hitchcock, Wikimedia

Posted-In: 737 MAX Boeing 737 MAXNews Best of Benzinga

 

Related Articles (BA)

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Karyopharm Spikes Higher After Selinexor Leak

Cramer: Libra Digital Currency Is Transformational For Facebook