Germanwings insurer sets aside $300 million to pay victims’ families

Insurers for Lufthansa, the parent company of Germanwings, have set aside $300 million as compensation for the air crash in the French Alps that killed all 150 people on board last Tuesday.

Lufthansa said Tuesday the $300 million (279 million euros) figure included financial compensation for victims’ families and the cost of the aircraft itself, which belonged to the budget airline carrier Germanwings.

The current price for an Airbus A320 is $93.9 million.
German financial daily newspaper Handelsblatt said the consortium of insurers is headed by German insurance giant Allianz, which was not prepared to comment on details of the compensation figure when contacted.
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Source News: DW