Asiana Airlines Co., South Korea's No. 2 carrier, said Wednesday it has agreed on a settlement with some of the passengers on its 2013 flight that crash-landed in San Francisco, leaving three people dead.

"It is true that a settlement has been reached in the U.S. federal court with 72 passengers who suffered from the accident two years ago," a company official told Yonhap News Agency. "The financial terms of the agreement, however, is confidential."

The official declined to comment further on the matter, citing that the latest progress is only an "initial stage of an ongoing lawsuit."

In July 2013, a Boeing 777 jet operated by the South Korean airliner crash-landed at the San Francisco International Airport, killing three passengers and injuring more than 180 people who were on board the plane.

Investigators from the U.S. National Transportation Safety Board later concluded that the main cause of the accident was an error on the part of the pilot, who had overly relied on the cockpit's automated system, among other faults. (Yonhap)