The fund is part of a settlement with the Justice Department. Boeing Co in January agreed to pay $500 million to compensate the heirs, relatives and beneficiaries of the passengers who died in Lion Air Flight 610 and Ethiopian Airlines Flight 302 in 2018 and 2019.
The United States lifted its own ban in November, followed by Brazil and Canada. China, which was first to ban the plane after the second crash in March 2019 and which represents a quarter of MAX sales.
"We believe those four conditions are now met," Ky said.
Low-cost airline Gol's Flight 4104 from Sao Paulo to the southern city of Porto Alegre took off using the revamped jet in a first that Boeing hopes will turn the page on a badly damaging crisis in the wake of the twin crashes.