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BreakingBoeing gives $100m to help 737 Max victims

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Boeing has announced a multi-year payout of $100m to local governments and non-profit organisations helping families of the two fatal 737 Max crashes, which killed 346 people.

The payout is is independent of lawsuits filed in the wake of the crashes, according to Boeing.

"We at Boeing are sorry for the tragic loss of lives in both of these accidents and these lives lost will continue to weigh heavily on our hearts and on our minds for years to come," said Boeing's chairman, president and chief executive Dennis Muilenburg.

"The families and loved ones of those on board have our deepest sympathies, and we hope this initial outreach can help bring them comfort.

"We know every person who steps aboard one of our airplanes places their trust in us. We are focused on re-earning that trust and confidence from our customers and the flying public in the months ahead."