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Grand Insurance Firm Starts Paying Compensations For Killed Airliner

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  • Grand Insurance Firm Starts Paying Compensations For Killed Airliner

    GRAND INSURANCE FIRM STARTS PAYING COMPENSATIONS FOR KILLED AIRLINER PASSENGERS' RELATIVES

    Armenpress
    May 24 2006

    YEREVAN, MAY 24, ARMENPRESS: Grand Insurance firm said it is starting
    the process of paying compensations to the families of passengers
    who were killed when an Armenian Airbus-320 plunged into the Black
    Sea on May 3 killing all 113 people aboard.

    An official of the firm said relatives of the killed passengers can
    apply any time. Grand Insurance company belongs to Mikhail Baghdasarov,
    the owner of Armavia air company that operated the Airbus-320. The
    firm has re-insured the assumed risks with 14 insurance companies in
    Great Britain.

    Baghdasarov earlier said compensations may amount up to $20,000
    Meantime the second flight recorder of the plane has been recovered
    from the site where the Airbus crashed into the Black Sea May 3. A
    spokesperson for the Russian transport ministry overseeing the search
    operation, said the second black box, which recorded flight data and
    had been thought to be lying 3-5 meters (10-16 feet) away from the
    first one, was actually located 16 meters (about 40 feet) from the
    first recorder and was buried deeper in silt.

    The first box was recovered on Monday. A special intergovernmental
    investigation committee will be set up to decipher the flight data
    from the plane.
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