Tragedy's bottom line: $300M for Germanwings crash

March 31, 2015 2:41 PM

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Insurance firms are setting aside $300 million to deal with costs relating to the crash of a Germanwings Airbus A320 in the French Alps last week, Lufthansa confirmed Tuesday.

The funds would cover compensation claims by the families of the 150 people killed when Flight 9525 slammed into a steep ravine less than an hour after departing Barcelona on March 24. The lost Airbus A320, personnel and other costs also are included in the figure, Lufthansa said.

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