financetom
Business
financetom
/
Business
/
Boeing settles nearly all Lion Air 737 MAX crash claims
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Boeing settles nearly all Lion Air 737 MAX crash claims
Jul 7, 2020 11:45 PM

Boeing Co has reached settlement agreements in more than 90 percent of the wrongful death claims filed in federal court after the 2018 crash of a Lion Air 737 MAX in Indonesia that killed all 189 people on board, a court filing on Tuesday said.

The fatal crash, followed within five months by another 737 MAX jetliner in Ethiopia, led to the worldwide grounding of the best-selling model and a corporate crisis that has included hundreds of lawsuits alleging the jet was unsafe and separate probes by the Justice Department and US lawmakers.

Boeing has been racing to clear a number of remaining hurdles to win US Federal Aviation Administration approval to fly the MAX again commercially, potentially later this year.

In a filing in federal court in Chicago, Boeing said claims relating to 171 of the 189 people on board the crashed jet have been fully or partially settled. That includes 140 of the 150 claims filed in the US District Court for the Northern District of Illinois.

The company did not disclose how much it paid victims' families or estates. In 2019, Reuters reported that some Lion Air cases had been settled for at least USD1.2 million per claim.

A Boeing spokesman said the company remains committed to resolving the remaining cases.

"We extend our deepest condolences to the families and loved ones of all those onboard Lion Air Flight 610," the spokesman, Gordon Johndroe, said by email.

"We are pleased to have made significant progress in recent months in resolving cases brought by the victims' families on terms that we believe fairly compensate them."

First Published:Jul 8, 2020 8:45 AM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
BMO Raises Choice Properties REIT Target to $16
BMO Raises Choice Properties REIT Target to $16
Jul 22, 2025
01:36 PM EDT, 07/22/2025 (MT Newswires) -- BMO has raised its one year target on Choice Properties Real Estate Investment Trust by $0.50, to $16, noting that the REIT delivered solid operating and financial performance in the second quarter that was in line with expectations. Occupancy remains high, and leasing spreads continue to be healthy. The REIT's balance sheet is...
Market Chatter: Dell Technologies COO to Take Over Client Solutions Group
Market Chatter: Dell Technologies COO to Take Over Client Solutions Group
Jul 22, 2025
01:34 PM EDT, 07/22/2025 (MT Newswires) -- Dell Technologies ( DELL ) has put COO Jeff Clarke in charge of its Client Solutions Group, taking over from Sam Burd, Bloomberg reported Tuesday, citing a memo sent to staff and confirmed by the company. The move was made amid slumping revenues for the unit, Bloomberg said. Clarke said in the memo...
US considering removing tax on capital gains on home sales, Trump says
US considering removing tax on capital gains on home sales, Trump says
Jul 22, 2025
WASHINGTON (Reuters) -U.S. President Donald Trump said on Tuesday his administration is considering removing taxes on capital gains on home sales. If the Fed would lower the rates, we wouldn't even have to do that, Trump told reporters in the Oval Office. But we are thinking about no tax on capital gains on houses. Profits from the sale of homes,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved