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Boeing Enlists Ken Feinberg and Camille Biros to Oversee $50 Million Boeing Community Investment Fund to Support Communities Affected by Lion Air Flight 610 and Ethiopian Airlines Flight 302 Accidents

Boeing Enlists Ken Feinberg and Camille Biros to Oversee $50 Million Boeing Community Investment Fund to Support Communities Affected by Lion Air Flight 610 and Ethiopian Airlines Flight 302Boeing Enlists Ken Feinberg and Camille Biros to Oversee $50 Million Boeing Community Investment Fund to Support Communities Affected by Lion Air Flight 610 and Ethiopian Airlines Flight 302 Accidents Accidents

Boeing Enlists Ken Feinberg and Camille Biros to Oversee $50 Million Boeing Community Investment Fund to Support Communities Affected by Lion Air Flight 610 and Ethiopian Airlines Flight 302 Accidents

– Fund will empower families who lost loved ones to support charitable organizations in affected communities

– Boeing to partner once again with Kenneth Feinberg and Camille Biros on fund creation, allocation and distribution

– All monies distributed will be independent of any resolution provided through the legal process

CHICAGO, Feb. 17, 2020 /PRNewswire/ — Boeing [NYSE: BA] today 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.”

Boeing and Ethiopian airlines responses on Flight 302 crash.

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.

Letter from Boeing CEO Dennis Muilenburg to Airlines, Passengers and the Aviation Community

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“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 Biroshave 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.”

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Aerospace

Boeing 777-9 Begins Certification Flight Testing with FAA Onboard

Boeing 777-9 Begins Certification Flight Testing with FAA Onboard

The 777-9 has commenced certification flight testing at Boeing Field in Seattle. This is a crucial step under the supervision of our regulator to certify the airplane and deliver it to customers worldwide.

Amidst Boeing’s current challenges, the B777X stands out as a project that could revitalize the brand. It is highly anticipated, and Boeing is keen to clear FAA certifications to release it as soon as possible.

Boeing 777-8F vs Airbus A350F: Comparing two Premium aircraft : Click here

The aircraft is two years behind its initial commitment date. During this time, the company has rigorously tested it under various conditions to ensure its readiness for commercial service.

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Boeing has announced that the 777X will be used for both passenger and freighter services, depending on customer requirements.

Boeing’s 777X program has achieved a major milestone with the Federal Aviation Administration (FAA) granting approval to begin certification flight tests, marking a significant step towards the aircraft’s entry into commercial service.

Mega Comparison of Boeing 777x vs A350-1000 Aircraft : Click here

The European Union granted approval for this merger in February, and Korean Air anticipates U.S. regulatory approval by the end of October.

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Following Airbus’ breakthrough with Korean Air, Reuters reported in April that Korean Air was considering a new Boeing order focused on the 777X, an advanced version of the 777 mini-jumbo.

Boeing 777-9 First certification

The first certification flight test of the 777-9 took place on Friday evening, with FAA personnel onboard alongside Boeing’s pilots and flight test team.

According to The Seattle Times, the aircraft departed from Boeing Field shortly after 6 p.m. and landed nearly two hours later after flying along the Washington and Oregon coast.

The 777X, an upgraded version of the successful 777 twinjet, features new engines and carbon composite wings with folding wingtips to accommodate standard airport gates.

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The first variant, the 777-9X, is designed to carry 426 passengers in a two-class configuration for long-haul international flights.

Comparison of two legendary aircraft Boeing 777x vs Boeing 747 aircraft : Click here

Boeing B777x total orders

Boeing has secured 481 orders for the aircraft, with Emirates being the largest customer, having ordered over 200 units. The planemaker has already built and stored 22 777X jets, with an additional six in various stages of assembly in Everett, Washington.

Boeing is close to finalizing a significant deal to sell approximately two dozen 777X jets to Korean Air, with an estimated value ranging from $4 billion to $6 billion, as reported by Reuters.

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Industry sources suggest that the agreement could be concluded as early as the Farnborough Airshow in July. Korean Air, South Korea’s largest airline, has been in discussions about returning to Boeing for its long-haul aircraft needs.

The Boeing 777X vs A350 is one of the most popular comparisons among aircraft as of now. The Airbus A350 has been operating for more than eight years, and its promising performance helps airlines in terms of efficiency and customer satisfaction, particularly in noise and vibrations.

The next generation Boeing 777X can fulfill the same requirements, with 777x first delivery given to Emirates Airlines, the launch customer for this aircraft. It remains to be seen how the Boeing 777X vs Airbus A350 will compete against each other in the future.

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