in Business & Finance

Boeing to support communities affected by Ethiopian Airlines Flight 302

Posted 18 February 2020 · Add Comment

Boeing has announced it has dedicated the remaining $50 million of a previously announced $100 million fund to support humanitarian needs in communities affected by the Lion Air Flight 610 and Ethiopian Airlines Flight 302 accidents.

 

The Boeing Community Investment Fund will work directly with victims' families to enable them to donate to eligible charities of their choosing. The company will partner once again with Ken Feinberg and Camille Biros on the fund's creation, allocation and distribution. Feinberg and Biros will immediately begin working with families, governments and other interested parties to identify eligible charitable organizations. All monies distributed by Feinberg and Biros will be independent of any resolution provided through the legal process.

 

"Following months of extensive discussions with victims' families, government officials, community leaders and others, we determined the best path forward – both for those who lost loved ones and the communities affected by these accidents – is to empower the families to decide how to allocate these funds," said Tim Keating, Boeing's executive vice president of Government Operations, who oversees the company's charitable activities. "Through this donation, it is our hope the families will be able to honor their loved ones in a manner that is both personal and meaningful to them while also creating a lasting legacy in their communities around the world."

 

Work also continues on the previously announced $50 million Boeing Financial Assistance Fund, which is providing near-term financial assistance to families of the victims.

 

"When we made our initial $100 million pledge, our first priority was to ensure that we provided families with immediate financial assistance," said Keating. "Ken Feinberg and Camille Biros have made tremendous progress on that effort. Given their success and the trust they have built with the families, we have now asked Ken and Camille to oversee the important work of connecting families with the charitable organizations they deem most meaningful."

Other Stories
Advertisement
Latest News

AHRLAC back to business

Production of Paramount Aerospace Industries’ ground-breaking AHRLAC is about to be ramped up as the company prepares to emerge from the final stages of South Africa’s business rescue process.

IATA’s Alexandre de Juniac to step down as director general

IATA has announced that Alexandre de Juniac, director general and CEO will step down from his role at the Association effective 31 March 2021.

How commercial aviation can navigate the recovery phase after Covid-19

COVID-19 has been a tough and testing time for the commercial aviation industry. Over eight months down the line and embattled airlines in South Africa have only recently received news that international flights are once again

IATA: Steps forward for testing to reopen borders without quarantine

IATA has welcomed the publication of the Manual on Testing and Cross Border Risk Management Measures by the International Civil Aviation Organization (ICAO).

ICAO SG cites key factors for aviation recovery in Africa

Speaking at a special online event organised by the African Union (AU) to commemorate the Yamoussoukro Decision, ICAO Secretary General Dr Fang Liu declared that the recovery of African air services should be encouraged through

Algeria to get 14 Su-57 fighters from Russia

Algeria has reportedly signed a contract to purchase 14 Russian Su-57 fighters, becoming the first customer of the fifth-generation stealth jets outside Russia.

AMAC SK2907290121
See us at
Aviation MENA 2021Aviation Africa 2021CONNECT BT0610090421