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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Allianz AG | TG:ALV | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 267.20 | 267.10 | 267.20 | 268.10 | 265.90 | 267.20 | 34,147 | 15:00:39 |
From Apr 2019 to Apr 2024
FRANKFURT--Deutsche Lufthansa AG's (LHA.XE) insurance consortium has set aside around $300 million in provisions for possible damage claims in connection with the Germanwings crash, a spokesman for Germanwings" parent Lufthansa said Tuesday.
The airline's consortium, which is led by Allianz SE (ALV.XE), wasn't immediately available for comment.
In addition to financial compensation for the relatives of the 150 airplane victims, Lufthansa will also have to cover claims for the destroyed aircraft, which has been insured for an amount of about $6.5 million, according to a report in German daily Handelsblatt.
Lufthansa earlier said it will pay out an initial sum of 50,000 euros ($54,000) a person to the relatives of passengers on the Germanwings Flight 9525 that crashed in the French Alps last week.
-Write to Natascha Divac at natascha.divac@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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