Lawyers Advise Ethiopian Airlines Against ‘Financially Disastrous’ Settlement Boeing Offer Over 737 MAX Crash
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January 22, 2021 - by Dominic Gates for www.seattletimes.com
American attorneys for Ethiopian Airlines, which lost 157 passengers and crew in the second fatal crash of a Boeing 737 MAX in early 2019, have advised the carrier not to accept a settlement Boeing has offered but instead to sue the manufacturer for punitive damages in the U.S.
In an urgently worded letter sent Sunday, the Chicago-based attorneys warned Ethiopian CEO Tewolde GebreMariam that the offer falls "grossly short" of what the airline could win before a U.S. jury — particularly since Boeing recently accepted responsibility for criminal fraud during the plane's certification by regulators.
The settlement Boeing has offered is "a mere fraction" of the actual damage, the lawyers told Tewolde, and accepting it "will inevitably leave substantial money on the table and would be a tremendous political and financial mistake for Ethiopian Airlines."
Yet like many airlines, Ethiopian is now desperate for cash.
Before the 2019 crash of Flight ET302, state-owned Ethiopian was...