REUTERS

Five Australian families who had relatives on downed Malaysia Airlines flight MH17 have settled a class action court case with the airline for a confidential figure.

The families, one from New South Wales, had seven relatives on the flight which was shot down over Ukraine by a Russian missile on July 17, 2014, killing all 298 people on board, The Sydney Morning Herald reported.

Read alsoInvestigators officially accuse four pro-Russian military officers of missile attack that shot down MH17

Among the passengers was Canberra woman Liliane Derden, who was travelling from Amsterdam to Perth to see her daughter Cassandra Gibson. Ms Gibson was the lead applicant in the Federal Court class action.

On Wednesday, the court approved a settlement between the parties – who had previously participated in two mediations – shortly before the case was due to proceed to a hearing. The court was told the amount of money was "fair."

Barrister John Rowe, who appeared for the families in court, said the money will be distributed "in the very near future."