How much did Boeing pay each family?
How much did Boeing pay each family? Boeing to pay 737 MAX crash victims' families $144,500 each. WASHINGTON (Reuters) - Boeing Co BA. N will pay the families of 346 people killed in two fatal 737 MAX crashes $144,500 each from a $50 million financial assistance fund announced in July, the fund's administrators said on Monday.
How much do families of plane crash victims get?
This treaty stipulates that if an airline is found at fault for an accident, each affected passenger is to get a minimum value equal to 113,100 special drawing rights. This type of plane crash compensation currently equals approximately $170,000 per passenger.
How much did the Boeing insurance payout?
As a result, Boeing agreed to establish a $500 million fund to compensate the families of those who died, pay a fine of nearly $244 million and pay $1.77 billion in compensation to airlines.
Who did Boeing pay 2.5 billion to?
Under the terms of the DPA, Boeing will pay a total criminal monetary amount of over $2.5 billion, composed of a criminal monetary penalty of $243.6 million, compensation payments to Boeing's 737 MAX airline customers of $1.77 billion, and the establishment of a $500 million crash-victim beneficiaries fund to ...
Why do you remove your shoes in a plane crash?
In accordance with standard evacuation procedures, the flight attendants had briefed the passengers to remove their shoes to prevent damage to evacuation slides.
How much was CEO of Boeing paid?
Calhoun took home $7 million in pay last year, slightly less than his $7.4 million compensation in 2021, Boeing stated in the filing. His total compensation, which includes longterm incentives that have not yet vested, measured $22.5 million in 2022, an increase from about $21 million the previous year.
Why is Boeing paying $200 million to the SEC?
Boeing pays $200 million to settle SEC charges over 737 Max safety claims. The SEC charged the aircraft maker and its former CEO with making misleading statements about the plane, which was implicated in two crashes that killed 346 people.