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Armenian Insurer Pays Compensation To Air Crash Victims

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  • Armenian Insurer Pays Compensation To Air Crash Victims

    ARMENIAN INSURER PAYS COMPENSATION TO AIR CRASH VICTIMS

    Arminfo
    14 Aug 06

    Yerevan, 14 August: The Grand insurance company has started paying
    out compensation to the families of the people who died when an
    A-320 aircraft crashed on a Yerevan-Sochi flight [on 3 May 2006],
    the chief executive of the company, Artak Antonyan, told an Arminfo
    correspondent.

    To date, compensation has been paid to 15 such families, he
    said. Speaking about the insurance company's payments for the
    aircraft itself, Antonyan said that the necessary documents were
    being prepared. He added that the price of the aircraft would be paid
    in full.

    The company declined to specify how much each family had
    received. According to Arminfo news agency's information, each family
    was paid 20,000 dollars.

    Informed sources estimate the cost of the aircraft at 25m dollars.
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