“This is a crucial time for Boeing,” Calhoun said. “I see greatness in this company, but I also see opportunities to be better. Much better.”

According to federal court records, more than 50 lawsuits were filed against Boeing by families of passengers on the Lion Air Max that crashed Oct. 29, 2018, and about 100 lawsuits were filed relating to the crash of an Ethiopian Airlines Max on March 10.

The multiyear payout is independent of lawsuits filed by families of the 346 people killed in the Indonesia and Ethiopia plane crashes.