Families of passengers who perished in the Ethiopian crash are set to be given $30 million from the plane’s insurer.
The money will be shared among the families of those who passed away during the deadly crash.
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Following two tragic crashes involving Boeing 737 Max 8 planes, many airlines and countries have grounded all flights involving that Boeing model. – Concerns over the 737 Max 8’s safety have spiked after a brand-new model crashed shortly after takeoff in Ethiopia on Sunday. This Ethiopian crash, which killed 157 people, follows another 737 Max 8 crash last October in Indonesia that killed 189. – Many countries have now grounded Boeing 737 Max 8 jets or banned them from their airspace, including Ethiopia, Indonesia, Malaysia, China, Australia, India, the UK, and the EU. At the same time, experts have warned against drawing conclusions too early, as investigations will likely take weeks. On top of that, the FAA – the American air traffic regulator – has given the 737 Max 8 a global notice of “continued airworthiness.” – Though the air crashes have obviously been utter tragedies, I do want to shift gears into talking about what the impact of the alarmed global response has had on Boeing. Nearly $30 billion has been wiped off Boeing’s market capitalization since the Ethiopian crash on Sunday. – The Boeing 737 model makes up about a third of Boeings total operating profit, and the market is worried that recent crashes could bring lawsuits and seriously impact future business. – So far, Boeing has delivered about 350 737 Max 8 model out of 5,011 orders. On top of that, new 737 Max models are due to be rolled out over the next few years. As such, the worry is that a model that is predicted to generate $30 billion in annual revenue for Boeing going forward could be in jeopardy. – #boeing #boeingcrash #boeing737 #boeing737 #boeing737max #ethiopianairlinecrash #ethiopiacrash #indonesiacrash #aircrash #aerospace #airlines #boeingstock
Compensation may, however, take time as it will be dependent on findings of the crash.
If the crash was caused by a manufacturer’s error, then Boeing will have to foot the compensation.
In Ethiopia, a tune of $19,000 is paid as compensation for every crash victim.
In the US, the daily reports compensation varies between $99,000 and $199,000 per person.
On March 9, 2019, a Boeing 737 Max 8 jet owned by the Ethiopian Airlines crashed six minutes after takeoff from the Addis Ababa airport.
Passengers from around 35 countries were on the Ethiopian Airlines flight from Addis Ababa to Nairobi.
Out of the 157 people who passed, 149 were passengers and eight were crew members.
Kenya paid the heaviest price with 32 of its citizens among the victims, according to a list shared by the airline.
It was followed by Canada and Ethiopia, which lost 18 and nine nationals respectively.
Investigations are still underway to find out the cause of the crash and other important informations.
Borussia Dortmund Signs Hazard
Borussia Dortmund have completed the signing of Borussia Monchengladbach winger Thorgan Hazard.
The Belgium international has signed a five-year deal with the Bundesliga runners-up having spent five years with Gladbach.
He becomes Dortmund’s second summer signing after Germany left-back Nico Schulz completed his move from Hoffenheim on Tuesday.
The final fee for Hazard has not been disclosed by either club, with reports suggesting it could be anywhere from €25 million (£22m/$28m) to €40m (£35.2m/$44.7m).
Hazard has had an agreement in place to join Dortmund for some time, with only the technicalities of the deal between the two clubs required to get it over the line.
The 26-year-old leaves Gladbach having made 182 appearances for the club in all competitions, scoring 46 goals and laying on 44 assists.
PHOTOS Of One Of The Alleged Prostitutes Who Set Up Junior US Pops Up
Alleged photos of one of the said prostitutes who connived with the armed robbers who killed Nana Yaw Opoku aka Junior US in Philadelphia in the USA are fast going viral on social media.
The photos began trending barely 24 hours after the Philadelphia Police Department released footage of when Junior US was murdered in his home.
In the video just as was reported earlier by Ghpage.com, it was some ladies he was hanging out within his house a few hours to his birthday party that invited the killers to his house.
The footage started off with the girls and Junior in the house and then a knock sounded. One of the ladies rushed to open the door but and Junior US followed her to the door.
Two black men in black hoodie entered and shot him dead right at the gate. They proceeded to enter the room and searched for something later fled with the girls in the same car.
Social Media users are already circulating these photos alleging its one of the girls in the video who were hanging out with Junior US and invited the killers to the house to kill him.
Philadelphia Police Department has promised an amount of 20,000 US dollars to anyone who provides information leading to the arrest and conviction of the killers.
Deadly Storm Brings Hail, Flooding And 132 Reports Of Tornadoes In Central US
KUBILIVE – A deadly spring storm unleashed drenching rain, flash flooding and hail in the central United States — along with more than 130 reports of tornadoes in five days.
At least one person drowned in Oklahoma after driving around a barricade on a road in Perkins, the city’s Emergency Management office announced.
A majority of tornadoes were in Kansas and Missouri, CNN meteorologist Taylor Ward said. Of the total number, Friday had the most tornadoes reported at 39 and Tuesday was a close second at 32.
About 28 million people are under the threat of severe weather Wednesday, mostly in Texas, Oklahoma, Kansas, Missouri, Iowa, Illinois, and Ohio, CNN meteorologist Michael Guy said.
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