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Ethiopians to benefit from Boeing’s $2.5 billion settlement

Ethiopians to benefit from Boeing’s $2.5 billion settlement

DAVID SHEPARDSON, ERIC M. JOHNSON and TRACY RUCINSKI THE families of the 157 Ethiopians who died when a Boeing 737 Max crashed soon after take-off on March 10, 2019, are among those who will benefit from the $2.5-billion settlement reached yesterday. Boeing Co will pay more than $2.5 billion in fines and compensation after reaching a settlement with the U.S. Department of Justice over two plane crashes that killed a total of 346 people and led to the grounding of its 737 MAX jetliner. The settlement, which allows Boeing to avoid prosecution, includes a fine of $243.6 million, compensation to…
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Boeing crash: Families wants CEOs to testify

Boeing crash: Families wants CEOs to testify

ERIC M JOHNSON LAWYERS for families of a fatal Boeing Co 737 MAX crash in Ethiopia are seeking testimony from the planemaker's chief executive Dave Calhoun and his predecessor Dennis Muilenburg, among other current and former employees, according to a court filing. The Boeing 737 MAX crash on Ethiopian Airlines on March 10, 2019, occurred five months after a similar disaster on a Lion Air flight, together killing 346 people and sparking a hailstorm of investigations and lawsuits. While Boeing has mostly settled civil litigation stemming from the Lion Air crash, it is still facing over a 100 lawsuits in…
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$500 million for victims of Ethiopian air crash

$500 million for victims of Ethiopian air crash

DAVID SHEPARDSON A $500 million U.S. victim compensation fund for the relatives of 346 people killed in two fatal Boeing 737 MAX crashes opened yesterday, the claim administrators told Reuters. 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. Each eligible family will receive nearly $1.45 million and money will be paid on a rolling basis as claim forms are submitted and completed,…
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