ARMENIAN INSURER PAYS COMPENSATION TO AIR CRASH VICTIMS
Arminfo
14 Aug 06
Yerevan, 14 August: The Grand insurance company has started paying
out compensation to the families of the people who died when an
A-320 aircraft crashed on a Yerevan-Sochi flight [on 3 May 2006],
the chief executive of the company, Artak Antonyan, told an Arminfo
correspondent.
To date, compensation has been paid to 15 such families, he
said. Speaking about the insurance company’s payments for the
aircraft itself, Antonyan said that the necessary documents were
being prepared. He added that the price of the aircraft would be paid
in full.
The company declined to specify how much each family had
received. According to Arminfo news agency’s information, each family
was paid 20,000 dollars.
Informed sources estimate the cost of the aircraft at 25m dollars.