Boeing reaches deal to settle damages for Ethiopian Airlines crash

The Boeing Co. (NYSE: BA) admitted liability in the fatal 2019 Ethiopian Airlines 737 Max crash in a deal it reached with victims’ families in Illinois federal court. The motion filed jointly by the parties Wednesday tees up settlement negotiations or a jury trial to determine damages and limits the risk that Boeing would face future lawsuits over the crash. Boeing “has admitted that it produced an airplane that had an unsafe condition that was a proximate cause of Plaintiff’s compensatory…