Cost of Air France crash starts to add up

8th August 2005, Comments 0 comments

PARIS, Aug 8 (AFP) - The maximum payout for the Air France crash in Canada last week will likely be EUR 150m (US$125m), a source at an insurance company told AFP on condition of anonymity.

PARIS, Aug 8 (AFP) - The maximum payout for the Air France crash in Canada last week will likely be EUR 150m (US$125m), a source at an insurance company told AFP on condition of anonymity.

"It is still too early to give an exact figure, but the total payout shouldn't go over EUR 150m," the source said.The A340 Airbus aircraft which was destroyed in the incident should account for EUR 108m of that sum.

The money will be divided between Air France and the company which leased the plane to the airline, the source said.The rest of the money will go to other costs, including notably compensating the 297 passengers and 12 crew members who escaped the crash.

Air France has so far advanced between EUR 2,000 and 2,500 to each of the passengers to provide them with emergency clothing, accommodation and other immediate necessities. The final sum could skyrocket, however, if a class action lawsuit lodged in Canada succeeds.

The class-action lawsuit has been filed in Ontario Superior Court accusing Air France, Toronto airport authorities and the control tower of negligence in this week's fiery crash of an Airbus 340, Radio-Canada reported.

The suit, seeking CAD 75m (EUR 50m) was filed Friday by a Toronto woman on behalf of the 297 passengers of the Air France jet that skidded off the runway Tuesday at Pearson International Airport.

Flight A358 landed Tuesday in a violent lightning storm and ended up 200m from the runway in a wooded gully, but all 297 passengers and 12 crew members survived the near disaster, at least two with broken backs. Analysis of the jet's black boxes was to begin this weekend in Canada.

Copyright AFP

Subject: French news, Air France, Airbus, airplane crash

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