CHICAGO, July 17, 2019 /PRNewswire/ -- Boeing [NYSE:
BA] announced that it has dedicated $50
million of a previously announced $100 million fund to provide near-term financial
assistance to families of the victims of the Lion Air Flight 610
and Ethiopian Flight 302 accidents. Boeing also announced that it
has retained Kenneth Feinberg and
Camille Biros, renowned experts in
establishing and overseeing victims' compensation funds, to design
and administer the fund.
"The tragic loss of life in both accidents continues to weigh
heavily on all of us at Boeing, and we have the utmost sympathy for
the loved ones of those on board," said Dennis Muilenburg, Boeing chairman, president
and CEO. "Through our partnership with Feinberg and Biros, we hope
affected families receive needed assistance as quickly and
efficiently as possible."
The $50 million fund represents
the initial expenditure of a $100
million pledge by Boeing to address family and community
needs of those affected by the accidents. All monies distributed by
Mr. Feinberg and Ms. Biros will be independent from any resolution
provided through the legal process.
"We are honored to take on this important assignment of
providing needed financial relief to the families of these two
tragedies," added Kenneth
Feinberg.
Co-Administrator Camille Biros
continued, "We know how important it is to assist the families of
the victims who have endured a personal tragedy and will work to
design and administer the fund and distribute the money as
efficiently and expeditiously as possible."
Contacts
Members of the news media should direct queries to
media@boeing.com or 312-544-2002.
For all other questions related to the $50 million fund, please contact Feinberg Law
Offices, c/o Amy Weiss,
Amy@weisspublicaffairs.com or 202-203-0448.
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content:http://www.prnewswire.com/news-releases/boeing-dedicates-50-million-of-pledged-100-million-to-near-term-relief-for-families-of-the-victims-of-the-lion-air-flight-610-and-ethiopian-airlines-flight-302-accidents-300886471.html
SOURCE Boeing