Lufthansa share price rises after offering bereaved families of Germanwings flight 9525 an extra €25,000 in compensation

 
James Nickerson
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Lufthansa had already paid €50,000 in compensation (Source: Getty)

Lufthansa has offered an extra €25,000 in compensation to the family of each German victim of the Germanwings flight 9525.

Close family members who have suffered health problems resulting from the crash, which killed all 150 people on board, can claim an addition €10,000,

This payment comes on top of the €50,000 already offered by Lufthansa to each family in the immediate aftermath of the crash. Co-pilot Andreas Lubitz deliberately flew the Airbus A320, travelling from Barcelona to Dusseldorf, into a French mountain on March 24.

But German lawyer Elmar Giemulla, who represents about 30 families of victims, described the offer as "completely inadequate."

Compensation payments vary according to the victim’s nationality as there are different national laws and procedures. The airline has said it was too early to provide an estimate of the total compensation amount

The airline also said it would set aside up to €7.8m euros to support education for children who lost one or both parents, and a €6m fund to provide “individual support and aid projects of the relatives.”

Lufthansa's share price was up more than one per cent in early trading today.

Read more: Airline share prices fall after prosecutor reveals co-pilot intended to "destroy the plane"

The crash in March prompted several European airlines to change their rules to require a second crew member to be present in the cockpit at all times, in line with US procedures.

On the flight were over twelve nationalities, including 72 Germans.

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