Boeing assistance fund to pay 737 MAX crash victims' families $144,500 each

 Boeing assistance fund to pay 737 MAX crash victims families 4,500 each

WASHINGTON (Reuters) - Boeing Co's $50 million financial assistance fund will pay the families of 346 people killed in two fatal 737 MAX crashes $144,500 each, the fund's administrators said Monday.

The fund, which is overseen by Washington lawyers Ken Feinberg and Camille S. Biros and was announced in July, 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.

(Reporting by David Shepardson)

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Updated Date: Sep 24, 2019 02:12:39 IST