Ethiopian Airlines News

U.S. Law Firms ‘Hounded’ Relatives of Ethiopian Airlines’ Crash Victims

Days after the March 10 crash of a Kenya-bound Ethiopian Airlines’ Boeing jet that killed all 157 people on board, strangers began calling or visiting bereaved families, saying they represented U.S. law firms. They showed up uninvited at memorials and …

Boeing 737 Fund Will Pay Crash Victims’ Families $145K Each

Boeing Co. will pay the families of 346 people killed in two fatal 737 MAX crashes $144,500 each from a $50 million financial assistance fund announced in July, the fund’s administrators said on Monday. The fund, overseen by Washington lawyers …

Aviation Industry Braces for Double-Digit Premium Hikes After 737 MAX Groundings

The aviation industry is bracing for double-digit insurance premium hikes for the first time in about 15 years, as insurers wrestle with higher costs from aircraft groundings, including the grounding of Boeing Co.’s 737 MAX jets following two fatal crashes, …

Swiss Re H1 Profit Hit by Ethiopian Airlines Crash, Grounding of Boeing 737 MAX

Swiss Re’s first-half net profit fell 5.3%, as claims relating to the Ethiopian Airlines crash and the subsequent grounding of the Boeing 737 MAX, plus natural catastrophes took their toll. The world’s second-largest reinsurance company highlighted claims from last year’s …

Boeing Creates $50M Crash Victims’ Fund; Hires Feinberg to Oversee

Boeing Co. said on Wednesday it will dedicate half of a $100 million fund it created after two crashes of its 737 MAX planes to provide payments to families of those killed, with veteran U.S. compensation expert Ken Feinberg hired …

15 Families of Victims of Ethiopian Airlines Crash Reject Boeing’s Cash Offer

Fifteen Kenyan families of people killed in a plane crash in Ethiopia in March have rejected a proposal by Boeing to compensate them, saying they will pursue their claims in court. “So far our clients have rejected negotiations outside court,” …

Boeing Sued by French Widow in U.S. for $276 Million Over Ethiopian Crash

A French woman whose husband died in the crash of a Boeing 737 MAX airliner in Ethiopia has filed a U.S. lawsuit against the planemaker, seeking at least $276 million in damages. The crash of Ethiopian Airlines flight 302 in …

Boeing 737 Max Crashes Could Cost European Insurers $450 Million

Europe’s biggest insurers are on the hook for as much as $450 million from a pair of airline crashes involving Boeing Co. 737 Max planes. Munich Re reckons it could pay 150 million euros ($168 million), an estimate that Chief …

Crash Victims’ Final Minutes Will Influence Financial Liability for Boeing, Insurers

The amount of money Boeing Co. and its insurers will pay to the families of those who perished aboard two doomed jets will be dictated in part by one particularly grim calculation: How long did the victims know they were …

Swiss Re’s Q1 Profit of $429M Hit by Natural Catastrophes, Boeing Crash

Reinsurer Swiss Re AG’s reported an unexpected 6 percent fall in quarterly net profit on Friday as claims from large losses offset higher net premiums and a solid return on investments. Net profit came in at $429 million, below the …