Sharjah24 - Reuters: Boeing Co agreed on Wednesday to acknowledge liability for compensatory damages in lawsuits filed by families of the 157 people killed in the 2019 Ethiopian Airlines 737 MAX crash, according to a filing in U.S. District Court in Chicago.

As a result of the agreement between Boeing and the families, lawyers for the victims will not seek punitive damages and Boeing will not challenge the lawsuits being filed in Illinois.

"Boeing is committed to ensuring that all families who lost loved ones in the accidents are fully and fairly compensated for their loss," the planemaker said in a statement on Wednesday. "By accepting responsibility, Boeing’s agreement with the families allows the parties to focus their efforts on determining the appropriate compensation for each family."

Lawyers for the victims noted in a statement that Boeing admitted under the agreement "that the 737 MAX had an unsafe condition, and that it will not attempt to blame anyone else" for the crash.