Boeing facing huge insurance claims from victims of Ethiopian Airlines MAX 8 crash

Everett, WA, USA - August 29, 2017: A wide look at a Boeing facility with a visible Boeing sign. Flags of Boeing, United States and Washington state can be seen waving in front of the building.

Aircraft giant Boeing could be hit with massive insurance claims from families of Ethiopian Airlines crash victims, with initial payments potentially being in the millions of dollars.

Reuters reported that initial payments would be made by Ethiopian Airlines’ insurers, but the company may look to recoup their money from Boeing’s insurers if it could prove that the aircraft was faulty.

Initial payments to the passengers’ families are bound by the Warsaw and Montreal conventions, concerning compensation for the victims of air disasters.

Those payouts could be much higher if families pursue legal claims, particularly through US courts, said Clive Garner, head of law firm Irwin Mitchell’s travel litigation group in London.

“If there were to be anything defective in terms of the plane or any of its components, then it would be possible to bring a claim against the manufacturer as well as the airline,” he said.

The insured value of the plane itself was likely around $50 million, according to industry sources.

With the recent news that the US and Canada have joined the rest of the world in boycotting all Boeing 737 MAX 8 aircraft, Boeing faces international legal and financial pressure.

Latest News

  • Appointments
  • Hotels

Kerzner International announce key leadership appointments

Kerzner International has announced two significant leadership appointments as part of a brand-new management structure designed to position the company for continued growth and success. Brand verticals Kerzner is renowned for creating pioneering brands from the larger-than-life Atlantis to the ultra-luxury One&Only Resorts, and recently an industry-first with the launch of SIRO, the ultimate fitness […]

  • Hotels

Sofitel Sydney Darling Harbour welcomes Santa Clause

Sofitel Sydney Darling Harbour has welcomed Santa Clause to bring early Christmas presents to the children of the Royal Far West Charity. Royal Far West is one of the charities supported by hotel owner, Dr. Jerry Schwartz, who organised for high-rise window cleaning entrepreneur Edvaldo Godoy of Updown Access to “sleigh” down the face of […]

  • Travel Agents

Digital marketer says travel operators are missing out on free cash

Travel operators are missing out on free cash for marketing, says Sam Patton, founder of The Social Spider, Australia’s first digital marketing agency dedicated to the travel sector. Some savvy travel companies are successful in accessing “magical” marketing funds from government and private sources but many were unaware of available cash or unwilling to spend the […]

  • Food & Beverage
  • Hotels

Banyan Tree offers special Christmas dining options

Banyan Tree has announced a host of 5-star gourmet Christmas and New Year dining experiences for each of its restaurants across the festive season. Here’s a selection: Banyan Tree Krabi Gala Dinner The Banyan Tree Krabi is hosting a sumptuous Christmas Eve Gala Dinner at its popular restaurant, The Naga Kitchen. Guests can enjoy an […]