New York, Nov 11 (AP) Boeing reached a settlement with the victims' families from the March 2019 crash of one of its 737-MAX aircraft that claimed 157 lives.

In the settlement, Boeing accepted responsibility for Ethiopian Airways flight 302 losing control shortly after takeoff from Addis Ababa Bole International Airport. The plane crashed into a nearby town. There were no survivors.

Also Read | Bill & Melinda Gates Foundation Commits $7 Million for COVID-19 Genome Research.

At the time, it was the second crash to involve a Boeing 737-MAX aircraft in six months. After the Ethiopian crash, US authorities grounded the 737-MAX until Boeing could fix the plane's faulty software.

In its settlement, Boeing admitted that its software was to blame for ET 302's loss of control and destruction, and that the 737-MAX was in an "unsafe condition" to fly. Boeing's 737-MAX were recertified to start flying again earlier this year.

Also Read | Astroworld Tragedy: Indian Origin Texas Student Bharti Shahani Declared Brain Dead From Injury.

The settlement does not involve monetary compensation to the families as of Wednesday, according to court records, but it does allow victims' families to pursue individual claims in US courts instead of their home country, which might be more difficult.

"This is a significant milestone for the families in their pursuit of justice against Boeing, as it will ensure they are all treated equitably and eligible to recover full damages under Illinois law while creating a pathway for them to proceed to a final resolution, whether through settlements or trial," said Robert Clifford, Steven Marks and Justin Green, the lead attorneys representing the victims, in a statement. (AP)

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)