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Reinsurer pays $28 mln compensation for Airbus destroyed by fire

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  • Reinsurer pays $28 mln compensation for Airbus destroyed by fire

    REINSURER PAYS $28 MLN COMPENSATION FOR AIRBUS DESTROYED BY FIRE

    Prime-Tass English-language Business Newswire
    August 2, 2006 Wednesday 7:24 PM EET

    Russian reinsurance company Leksgarant has paid U.S. $28 million in
    compensation for an Airbus A320 that was totally destroyed in a
    hangar fire at the Brussels Airport on May 5, the reinsurer said in a
    press release Wednesday.

    Of the total, the company paid $2 million to the owner of the
    aircraft and $26 million to International Armenian Airlines, the
    operator of the plane.
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