Ethiopian CEO Expects Settlement with Boeing by End of June

ADDIS ABABA – Ethiopian Airlines expects a settlement with planemaker Boeing over the 737 MAX plane crash in March last year by end of June, CEO Tewolde Gebremariam has said on Friday.

“We have invited Boeing to discuss compensation. Its compensation for the grounded MAX…there is also compensation for delayed delivery of the MAX that was supposed to come and loss of revenue,” he is quoted as saying by Reuters.

“By the end of June, which is the end of our fiscal year, we should have something…meaning compensation,” Tewolde added.

The deadly crash has occurred after a flight control system known as MCAS deployed at the wrong time, forcing the nose of the aircraft down when the pilots were trying to gain height.

A similar malfunction has been blamed for the loss of a near-identical 737 Max in Indonesia almost two years ago. The aircraft has been grounded for more than a year, banned from flying by aviation authorities around the world.

Image: Ethiopian Airlines CEO Tewolde [Photo File]