Iran's Caspian Airlines said it would pay 34,000 euros (some $54,000) in compensation for each victim of its July 15 crash en route to Yerevan, the Armenian news agency Arminfo reported on July 24.
Citing company representatives, Arminfo said that the cash will be distributed to families of all victims, regardless of their nationality. The airline will use insurance proceeds of 3 million euros (roughly $4.3 million) to compensate families.
The crash of the Russian-made Tupolev-airliner killed all 168 people onboard, including citizens of Armenia and Georgia.
