US plane maker Boeing reached the village with the two families who died in the crash of Ethiopian Airlines' Boeing 737 in March 2019, along with the two families who died the night before their trial.
The terms of the settlement with the families of victims Antoine Lewis and Darcy Bellenger were not released.
The Chicago U.S. District Court trial was expected to be the first for the company as the two fatal 737 crashes in 2018 and 2019 landed the bestselling plane for 20 months, with Boeing exceeding $200 billion (R389bn).
Boeing agreed in 2021 to acknowledge liability for compensatory damages to the families of 157 people killed in the 2019 crash of the Ethiopian Airlines. The family agreed not to seek punitive damages.
Lewis, 39, was the US military captain on military leave who traveled to Africa to investigate opportunities to launch a logistics business. Belanger, 46, of Denver, Colorado, was flying to the United Nations Environmental Parliament where he was planning to speak.
Boeing repeatedly apologised for the crash on Monday, saying, “We have made an advance commitment to fully and fairly compensated our family and accepted legal liability for the accident. We will continue to work to resolve the family's claims fairly.”