Aviation
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](https://jetlinemarvel.net/wp-content/uploads/2020/02/img_6130.jpg)
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
“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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Aviation
Boeing, Antonov to Collaborate on Defense Projects
![Boeing, Antonov to Collaborate on Defense Projects](https://jetlinemarvel.net/wp-content/uploads/2024/07/Volga-Dnepr_Antonov_An-124-100M-150_and_Cubana_Ilyushin_Il-96-300.jpg)
– MOU represents Boeing’s commitment to work with Ukrainian industry
– Includes exploring opportunities for collaborating on in-country support of Unmanned Aerial Systems
A Memorandum of Understanding was signed today by Boeing and Antonov Company to investigate potential collaboration on defense-related projects.
“We’re happy to keep collaborating with the Antonov Company to help Ukraine’s economic development and expansion,” stated Ted Colbert, CEO and president of Boeing Defence, Space, & Security.
Airbus and the Antonov An-225: The Best Partnership:Click here
“This agreement demonstrates our ongoing efforts to find more opportunities to work with Ukrainian industry, which was underscored by our signing of the Ukrainian Defence Industry Compact earlier this year.”
The areas of potential collaboration identified in the agreement consist of training, logistical support and overhaul services for tactical Unmanned Aerial Systems utilized by the Ukrainian Armed Forces, which includes the ScanEagle. In addition, the companies will also explore opportunities for Antonov to provide engineering support to Boeing.
The six largest cargo aircraft ever built in the aviation industry:Click here
“A strong, innovative, and efficient defense industry is key to sustainable economic development and national security, and we are extremely excited to collaborate with Boeing,” said Ievhen Gavrylov, CEO of Antonov Company.
This agreement brings a whole new level of opportunity to implement the latest and most effective solutions – in addition to the possibility of future projects with Boeing in the aerospace and defense industry.”
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