Insurers to pay Air France 67.4 million euros

15th June 2009, Comments 0 comments

Air France is to receive an insurance cheque of EUR 67.4 million for the loss of its Airbus A330 over the Atlantic.

Paris – Air France is to receive an insurance cheque of EUR 67.4 million (USD 93.4 million) for the loss of its Airbus A330 over the Atlantic, one of its insurers said on Monday.

The crashed aircraft was covered by several insurers including Axa Corporate Solutions, which is to pay out 12.5 percent of the total bill, or EUR 8.4 million, a spokeswoman for the insurance firm said.

Under the terms of the Montreal Convention, the carrier Air France is also responsible for compensating the families of the 228 people lost in the 1 June Rio to Paris crash, and has separate insurance for the cost of doing so.

Asked about compensation for relatives, the Axa spokeswoman said it was "too soon to give a realistic figure."

She said: "All entitled persons have yet to come forward, and as a result it has not yet been possible to evaluate the totality of individual situations."

Brazilian and French navy crews have so far recovered the bodies of 44 crash victims off Brazil's coast.

Speculation surrounding the crash has focused on the Airbus A330's airspeed sensors, known as pitot probes, which may have malfunctioned.

AFP / Expatica

0 Comments To This Article