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Lufthansa says $300m set aside for Germanwings crash

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Lufthansa Group CEO Carsten Spohr. (Roberto Pfeil, AFP)
Lufthansa Group CEO Carsten Spohr. (Roberto Pfeil, AFP)

Berlin - Lufthansa's insurance consortium has set aside $300m to meet costs connected with the Germanwings crash, a Lufthansa spokesperson said in Frankfurt on Tuesday.

The sum is to cover compensation claims by the families of the 150 people who lost their lives in the 24 March crash in the French Alps, the loss of the Airbus A320 and associated personnel costs, he said.

The insurance consortium is led by Munich-based Allianz, Europe's biggest insurance group. Allianz declined comment.

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