Boeing is set to make USD $50 million (AED 183.6 million) in payments to families of the victims of two 737 MAX crashes.
The model, which is Boeing’s best-selling jet, was grounded around the world in March.
It came after an Ethiopian Airlines and Lion Air plane crashed in similar circumstances, killing 346 people in total.
Ken Feinberg, who is a veteran compensation expert, was hired by Boeing to oversee the distribution of funds.
Ambani's Reliance Jio considers 2.5% public offering in 2026 India IPO, sources say
Reliance Jio Platforms is considering an initial public offering this year that would float 2.5 per cent of the company, people familiar with the matter said, a move that could make it the country's largest-ever IPO worth more than $4 billion.
Abu Dhabi launches $2 billion 'Global Water Platform'
A $2 billion Abu Dhabi Global Water Platform has been launched to support the global water sector by strengthening water and food security in developing countries.
Ford to offer its first eyes-off driver-assistance system in 2028
Ford Motor has announced on Wednesday it would bring Level 3 driver-assistance systems to market in 2028, allowing drivers to take their hands and eyes off the road while operating on certain highways.
Parkin to manage smart parking at select Spinneys, Waitrose stores
Parkin has signed an agreement to manage parking facilities at six Spinneys and Waitrose supermarkets across the city, as part of efforts to ease congestion and improve access at busy retail locations.
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