Ethiopian Airlines News

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 …

Boeing Aims to Move Lion Air Crash Lawsuit from Chicago HQ to Indonesia

Faced with lawsuits over a plane crash half a world away, Boeing Co. is arguing it shouldn’t have to defend itself in a courtroom a short walk from its corporate headquarters. The world’s largest planemaker has indicated in court filings …

Boeing’s Legal Woes Over Crashes Mount with Negligence Suits by Families

Boeing Co. was sued Monday by two Canadians who lost 10 family members in the March crash of a 737 Max in Ethiopia, adding to the aircraft manufacturer’s legal woes stemming from two deadly crashes by the jet. Among the …

Insight: Problems on Doomed Ethiopian Airlines 737 MAX Started Seconds After Takeoff

Minutes after take-off, the pilots of an Ethiopian Airlines 737 MAX were caught in a bad situation. A key sensor had been wrecked, possibly by hitting a foreign object, according to four aviation experts and two U.S. officials who were …

Family of American Killed in 737 Max Crash Sues Boeing, Ethiopian Airlines

The family of an American woman killed in the crash of an Ethiopian Airlines 737 MAX filed a lawsuit on Thursday against the airline, Boeing Co. and Rosemount Aerospace Inc., which makes a part of the aircraft that is the …

Ethiopian Airlines’ Pilots Followed Proper Boeing Procedures: 1st Official Crash Report

Ethiopian investigators urged Boeing to review its flight control technology and said pilots of state carrier Ethiopian Airlines had carried out proper procedures in the first public findings on the crash of a 737 MAX jet that killed 157 people. …

Reinsurers Charge ‘Rational’ Rates in April Renewals, from Flat to 25%: Willis Re

While there were no signs of generalized rate hardening during the April 1, 2019 renewal season, reinsurers have adopted a “rational” rating approach, asking for price increases of up to 25 percent, mainly targeted towards loss-affected contracts and programs, according …

Ethiopian Airlines Crash Could Break Record for Non-War Reinsurance Claim: Willis Re

Liability claims related to the Ethiopian Airlines crash and the grounding of Boeing 737 MAX 8 aircraft could be the largest non-war aviation reinsurance claim on record, hitting reinsurers’ profitability, reinsurance broker Willis Re said. The crash of Ethiopian Airlines …

Next-to-Last Flight of Lion Air’s Doomed 737 MAX Was Saved by Off-Duty Pilot

As the Lion Air crew fought to control their diving Boeing Co. 737 MAX 8, they got help from an unexpected source: an off-duty pilot who happened to be riding in the cockpit. That extra pilot, who was seated in …