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Air France crash may be most expensive since 2001

13 June 2009

The Air France crash that killed 228 people may be the most costly airline disaster since 2001 as insurers led by Axa SA compensate victims’ families and pay for the loss of the plane.

The families are entitled to the equivalent of at least $150,000 for each of the passengers.

The cost to Air France-KLM’s pool of insurers, which includes Allianz SE and American International Group Inc., will depend on estimates of the travelers’ nullified lifetime earnings and any negligence demonstrated by the airline.

source: Bloomberg

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