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Airline defendants to pay 95 million dollars in 9/11 settlement

Insurers have agreed to pay 95 million dollars (£71.5 million) to settle claims that security lapses led planes to be hijacked in the 9/11 attacks.

The settlement on behalf of defendants including American Airlines and United Airlines was described in papers filed in Manhattan federal court.

Developers of the new World Trade Centre buildings had once demanded 3.5 billion dollars (2.6 billion) from aviation companies after hijacked planes destroyed three skyscrapers on September 11 2001.

Developer Larry Silverstein and World Trade Centre Properties have collected over five billion dollars (£3.8 billion) from other defendants through numerous lawsuits. The money has aided the reconstruction of buildings on the 16-acre lower Manhattan site.

Earlier settlements included 135 million dollars (£102 million) paid to a financial services firm that lost two-thirds of its employees.

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