Connect with us

Hi, what are you looking for?

World

Airlines settle Twin Towers claim over 9/11 attacks

-

American Airlines and United Airlines have agreed to a $95.1 million settlement with the developer of the World Trade Center over the September 11, 2001 attacks, ending 13 years of litigation.

Insurers will cover the payout to World Trade Center Properties, owned by developer Larry Silverstein, according to court papers filed Tuesday.

Six weeks before the attacks Silverstein signed a 99 year lease for the site, which is owned by the Port Authority of New York and New Jersey.

After the suicide airliner attacks that felled the Twin Towers, Silverstein received from his own insurers $4.55 billion in settlements after years of negotiations.

But he also fought to receive damages from American and United, whose hijacked planes were used in the attacks.

He initially sought $12.3 billion from the airlines and airport security companies.

Now the two sides have reached a settlement that must still be approved by US District Judge Alvin Hellerstein.

The September 11 attacks on the Twin Towers by hijackers loyal to Al-Qaeda killed more than 2,750 people.

Another hijacked plane hit the Pentagon in Washington, while a fourth crashed into a field in Pennsylvania. Altogether around 3,000 people died in the attacks.

American Airlines and United Airlines have agreed to a $95.1 million settlement with the developer of the World Trade Center over the September 11, 2001 attacks, ending 13 years of litigation.

Insurers will cover the payout to World Trade Center Properties, owned by developer Larry Silverstein, according to court papers filed Tuesday.

Six weeks before the attacks Silverstein signed a 99 year lease for the site, which is owned by the Port Authority of New York and New Jersey.

After the suicide airliner attacks that felled the Twin Towers, Silverstein received from his own insurers $4.55 billion in settlements after years of negotiations.

But he also fought to receive damages from American and United, whose hijacked planes were used in the attacks.

He initially sought $12.3 billion from the airlines and airport security companies.

Now the two sides have reached a settlement that must still be approved by US District Judge Alvin Hellerstein.

The September 11 attacks on the Twin Towers by hijackers loyal to Al-Qaeda killed more than 2,750 people.

Another hijacked plane hit the Pentagon in Washington, while a fourth crashed into a field in Pennsylvania. Altogether around 3,000 people died in the attacks.

AFP
Written By

With 2,400 staff representing 100 different nationalities, AFP covers the world as a leading global news agency. AFP provides fast, comprehensive and verified coverage of the issues affecting our daily lives.

You may also like:

World

Calling for urgent action is the international medical humanitarian organization Doctors Without Borders/Médecins Sans Frontières (MSF)

Business

The cathedral is on track to reopen on December 8 - Copyright AFP Ludovic MARINParis’s Notre-Dame Cathedral, ravaged by fire in 2019, is on...

Business

Saudi Aramco President & CEO Amin Nasser speaks during the CERAWeek oil summit in Houston, Texas - Copyright AFP Mark FelixPointing to the still...

Business

A recent article in the Wall Street Journal infers that some workers might be falling out of the job market altogether.