Federal Aviation Administration (FAA)

Everything you need to know about the Boeing 737 MAX crashes

Boeing 737 MAX airplane
Photo: Stephen Brashear/Getty Images

Following 2 similar crashes of Boeing 737 MAX 8 planes that killed a total of 346 people, the aircraft have been grounded worldwide as a series of investigations look into what caused the crashes and any potential flaws that went unnoticed during the safety certification process.

Context: The FAA's approval process was designed to be seamless in that airlines that already flew other versions of the best-selling 737 series were able to treat the MAX as another in the series. This limited the training requirements for 737 MAX pilots and kept customer costs down. However, in reality, the plane had many new pieces of hardware, including more powerful engines, a redesigned tail, new wing design and, crucially, new software.

Boeing commits $100 million for 737 MAX crash victims

Grounded 737 MAX planes in Seattle, WA
Photo: Stephen Brashear/Getty Images

Boeing announced on Wednesday plans to give $100 million to the families and communities impacted by two fatal 737 MAX crashes, reports the New York Times.

Why it matters: "The move was among the most overt acknowledgment[s] of Boeing's responsibility in the crashes..." per the Times. Boeing will likely have to pay more down the line as the company faces numerous lawsuits, investigations and fines.