Skip to content
Back to Guavy Wire
Stocks

Boeing Agrees to Pay Sh11 Billion in Compensation for Ethiopian Airlines Crash

Instruments
BA
Share

Thirty-two Kenyan families are set to receive Sh11 billion in compensation for their losses in the 2019 Ethiopian Airlines crash, bringing an end to a seven-year court battle. The payout follows a Non-Prosecution Agreement (NPA) between Boeing and the US Department of Justice (DoJ) last year.

The agreement required Boeing to provide another $444.5 million (Sh57.5 billion) to a crash-victims beneficiaries' fund, bringing the combined criminal-case victim funds to $944.5 million. The additional fund is to be divided equally among the 346 people killed in the two crashes, producing an average compensation of approximately $2.73 million per victim.

The families will receive Sh353.3 million each, on top of the earlier payment of Sh187.7 million. This brings the total payout for each victim to Sh540 million. The compensation process has been ongoing since 2021, with Boeing reaching settlements in multiple lawsuits brought by the families of victims who died in the crash.

More on Stocks

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc