A Boeing 747-3B5, Korean Air Flight 801, crashed on August 6, 1997, on approach to the international airport in the United States territory of Guam, killing 228 of the 254 people aboard. Contributing factors in the crash were fatigue and errors by the flight crew, inadequate flight crew training, and a modification of the airport's altitude warning system that prevented it from detecting aircraft below a minimum safe altitude.
On 11 August 1997, the IMF unveiled a rescue package for Thailand with more than $17 billion, subject to conditions such as passing laws relating to bankruptcy (reorganizing and restructuring) procedures and establishing strong regulation frameworks for banks and other financial institutions.
On 14 August 1997, the managed floating exchange regime was replaced by a free-floating exchange rate arrangement. The rupiah dropped further. The IMF came forward with a rescue package of $23 billion, but the rupiah was sinking further amid fears over corporate debts, massive selling of rupiah, and strong demand for dollars.
Netflix launched as the world's first online DVD-rental store, with only 30 employees and 925 titles available - almost the entire catalogue of DVDs at the time, using the pay-per-rent model, with rates and due dates similar to those of its brick-and-mortar competitor, Blockbuster.
William's mother wanted him and his younger brother Harry to have wider experiences than are usual for royal children. She took them to Walt Disney World and McDonald's, as well as AIDS clinics and shelters for the homeless, and bought them items typically owned by teenagers, such as video games Diana, who was by then divorced from Charles, died in a car accident in the early hours of 31 August 1997. William, then aged 15, together with his 12-year-old brother and their father, were staying at Balmoral Castle at the time. The Prince of Wales waited until his sons awoke the following morning to tell them about their mother's death. William accompanied his father, brother, paternal grandfather Prince Philip, Duke of Edinburgh, and his maternal uncle Charles Spencer, 9th Earl Spencer, at his mother's funeral; they walked behind the funeral cortège from Buckingham Palace to Westminster Abbey.
A year after the divorce, Diana was killed in a car crash in Paris on 31 August 1997. At the time, the Duke was on holiday at Balmoral with the extended royal family. In their grief, Diana's two sons, Princes William and Harry, wanted to attend church and so their grandparents took them that morning.