Community Chat

[SydneyH]

The airlines is offering family members this amount as compensation for their missing loved ones. This is soo insulting, it's hard to imagine........

http://www.microfinancemonitor.com/2014/03/25/mh370-flight-malaysia-pm-airliner-finally-say-crash-t...

[Lila Belle]

That doesn't apply to the Americans. I think it's like $8mil.

[gazelle77]

Am sure there will be a lot of lawsuits, airline, Boeing, etc.

[sylviahomeatlast]

that's heartless and inexcusable

[september]

$8 mil. for an American, and $5 k...for who? Wow...in some cases, that would be almost what a passenger might pay for a ticket (if in 1st class, and booked at the last minute)

[dooBdoo]

With all due respect, I’m the last to defend the Malaysian government or the airlines for the way they’ve handled all this, but here’s the story:

Malaysia Airlines' $5,000 payment is just the beginning

"Malaysia Airlines offered initial financial assistance to the families of Flight 370 passengers on Tuesday, and promised that additional compensation was being prepared.

The payments of $5,000 per passenger should help families cope with the immediate financial strain caused by a long search for the plane. But the airline is eventually likely to pay next of kin compensation that ranges into the millions of dollars per passenger.

Under an international treaty known as the Montreal Convention, the airline must pay relatives of each deceased passenger an initial sum of around $150,000 to $175,000.

Relatives of victims can also sue for further damages -- unless the airline can prove that it took all necessary measures to prevent a crash or any other incident that prevented passengers from arriving safely.

Liability could also stretch beyond the airline to the plane's manufacturer, Boeing, if a mechanical flaw is ruled the cause. But that would be difficult to prove if the plane is not recovered..."

Full article: http://m.kcci.com/money/Malaysia-Airlines-5-000-payment-is-just-the-beginning/25149870

[SydneyH]

That airline should be prepared to go out of business.

[bells4me]

$5000 is just to help with immediate expenses. They have a 1 billion $ insurance policy for the lawsuits.

[dooBdoo]

On 3/26/2014 SydneyH said:

That airline should be prepared to go out of business.

Sydney, I've been thinking the same thing. My understanding is they opted to save money up front and not to upgrade their tracking system software to a better one. Plenty of mistakes seem to be showing up with all the investigations.

[SydneyH]

On 3/26/2014 dooBdoo said:

Sydney, I've been thinking the same thing. My understanding is they opted to save money up front and not to upgrade their tracking system software to a better one. Plenty of mistakes seem to be showing up with all the investigations.

I suspect without the wreckage, Boeing will not be in a hurry to share blame. The plane was only 7 ~ 8 years old, I think.