The multiyear payout is independent of lawsuits filed by families of the 346 people killed in the two crashes, which happened in October 2018 and March of this year, a Boeing spokesman said.
The funds will support education, hardship and living expenses for affected families, community programs, and economic development in impacted communities, Boeing said in a statement. The U.S. planemaker said it will partner with local governments and non-profit organizations “to address these needs.”
“The families and loved ones of those on board have our deepest sympathies, and we hope this initial outreach can help bring them comfort,” said Boeing Chief Executive Dennis Muilenburg.
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Dozens of lawsuits have been filed against Boeing by families of Lion Air and Ethiopian Airlines crash victims. The company is in settlement talks over the Lion Air litigation and has separately offered to negotiate with families of Ethiopian Airlines victims as well, though some families have said they are not ready to settle.
Wednesday’s cash pledge comes as Boeing faces probes by global regulators and U.S. lawmakers over the development of the 737 MAX.