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Thai tycoon's family claims $2.7 billion from Leonardo over fatal Leicester City crash

Published by Global Banking & Finance Review

Posted on January 11, 2025

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· Last updated: January 27, 2026

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Family of Thai tycoon Vichai Srivaddhanaprabha claims $2.7 billion from Leonardo - Global Banking & Finance Review
The image depicts the aftermath of the Leicester City helicopter crash, highlighting the family of Vichai Srivaddhanaprabha's $2.7 billion claim against Leonardo, emphasizing the tragic loss and legal ramifications of the incident.
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LONDON (Reuters) -The family of Thai businessman Vichai Srivaddhanaprabha, who died when his helicopter crashed in 2018, said on Friday it had made a 2.15 billion pound ($2.65 billion) legal claim

Family of Thai Tycoon Seeks $2.7 Billion from Leonardo After Crash

LONDON (Reuters) -The family of Thai businessman Vichai Srivaddhanaprabha, who died when his helicopter crashed in 2018, said on Friday it had made a 2.15 billion pound ($2.65 billion) legal claim against Italian defence company Leonardo in a London court.

The action, which claims for loss of earnings and other damages, represented the largest fatal accident claim in English legal history, the family of Srivaddhanaprabha, the former owner of Leicester City soccer club, said in a statement.

Leonardo said it would defend itself against the High Court claim, which it was considering with legal advisers and insurers. It expressed its "deepest sympathy" for the victims of the crash, saying their deaths were "an unquestionable tragedy".

In a statement, Leonardo also said it met "the most modern and stringent certification and safety standards in the sector".

Helicopter pilot Eric Swaffer, his partner Izabela Roza Lechowicz and two members of Srivaddhanaprabha's staff, Nusara Suknamai and Kaveporn Punpare, were also killed shortly after taking off outside Leicester City's King Power Stadium.

Srivaddhanaprabha bought Leicester City in 2010 and the club won the English Premier League in 2016 under his ownership.

Britain's Air Accidents Investigation Branch (AAIB) said in a 2023 report that it had not been possible for the pilot to recover from a tail rotor failure in the Leonardo AW169 helicopter.

Leonardo said after that report that its AW169 helicopters remained safe to fly and that the AAIB had concluded it complied with all regulatory requirements in the design and manufacture.

($1 = 0.8120 pounds)

(Reporting by Sam Tobin, additional reporting by Giulia Segreti, writing by Sachin Ravikumar, editing by Catarina Demony and Alexander Smith)

Key Takeaways

  • Thai tycoon's family files a $2.7 billion claim against Leonardo.
  • The claim is the largest fatal accident claim in English legal history.
  • Leonardo expresses sympathy but plans to defend the claim.
  • The 2018 crash involved a tail rotor failure in a Leonardo AW169 helicopter.
  • Vichai Srivaddhanaprabha was the former owner of Leicester City.

Frequently Asked Questions

What is the amount claimed by Vichai Srivaddhanaprabha's family?
The family has made a legal claim for 2.15 billion pounds, which is approximately $2.65 billion.
What incident prompted the legal claim against Leonardo?
The claim arises from the fatal helicopter crash in 2018 that killed Vichai Srivaddhanaprabha and four others.
What did Leonardo say about the safety of its helicopters?
Leonardo stated that its AW169 helicopters comply with the most modern safety standards and remain safe to fly.
Who else was killed in the helicopter crash besides Vichai Srivaddhanaprabha?
The crash also claimed the lives of helicopter pilot Eric Swaffer, his partner Izabela Roza Lechowicz, and two members of Srivaddhanaprabha's staff.
What did the AAIB report conclude about the helicopter crash?
The AAIB report concluded that the pilot could not recover from a tail rotor failure in the Leonardo AW169 helicopter.

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