Boeing pledges $100 million to families and communities affected by 737 Max crashes

Boeing has announced it will spend $100 million to assist the families and communities affected by two 737 Max jet crashes that killed more than 300 people.

The company said on Wednesday it will be partnering with local governments and non-profits in order to spend this $100 million over the course of several years.

"The families and loved ones of those on board have our deepest sympathies, and we hope this initial outreach can help bring them comfort," CEO Dennis Muilenburg said.

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A total of 346 people were killed between two 737 Max crashes in Indonesia and Ethiopia in October and March. The 737 Max jets are currently grounded, and the Federal Aviation Administration recently discovered another flaw in the planes. Boeing says the new funds it's pledging will "support education, hardship and living expenses for impacted families, community programs, and economic development in impacted communities."

Boeing is currently facing more than 100 lawsuits from the families of crash victims, Reuters reports, and CNN reports victims who receive money as part of this $100 million fund will still be able to continue their legal cases against the company.