Worse comes to worse, Lufty can simply fold the tent of their US training facility and the plaintiffs can divvy up whatever assets are available. If the aircraft are subject to collateral mortgages as recommended by any competent aviation lawyer, there will be very little.
Their insurers will be defending with very capable lawyers, but likely the face amount of the liability coverage is $2 million.
Best case for the plaintiffs sees $3 million less 30% / 100+ ~= $20K per Pax.
That all depends on plaintiffs' lawyers establishing that every flight training establishment must have a psychiatrist on retainer
