Addis Ababa, November 11, 2021 (Walta) –Boeing has reached an agreement with the families of the 157 people who died in the Ethiopia 737 Max crash in 2019.
The planemaker accepts liability for their deaths, according to court documents in Chicago.
In return, the families of the victims will not seek punitive damages from the company.
Lawyers for the victims’ families said Boeing would still be held “fully accountable”, welcoming the agreement as a significant milestone.
Boeing shares fell 1% to $218.50 on the news, according to BBC.
The agreement opens the way for families outside the US, in countries such as Ethiopia and Kenya, to claim compensation through the US courts, rather than in their home countries, which might be more difficult and result in lower payments.