9/11: Airlines settle Twin Towers claim

New York: 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 on 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. AFP