Ethiopian in MAX volte-face ahead of "amicable" settlement - News Summed Up

Ethiopian in MAX volte-face ahead of "amicable" settlement


In a major volte-face that signals an image-shifting re-endorsement of Boeing, Ethiopian Airlines this week said it would resume B737-8 flights in July 2021 after analysing changes to the model that crashed in the country almost two years ago, killing all 157 people on board. In reconciliatory tones ahead of reaching an “amicable settlement” on compensation from Boeing, Ethiopian Airlines will retain orders for the new MAX, Chief Executive Officer, Tewolde GebreMariam, said at an online CAPA conference on February 9. It was also the first indication that Ethiopian and Boeing may have reached a settlement over compensation for the crash. US regulators late last year allowed the MAX to resume passenger flights ending a nearly-two-year regulatory grounding. He said Ethiopian Airlines was cash positive even after the COVID-19 pandemic destroyed air travel.


Source: Ethiopian News February 15, 2021 03:11 UTC



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