Russian Insurer Pays Compensation for AZAL Crash Near Aktau
The Russian insurance company AlfaStrakhovanie has completed payments under aviation hull insurance for the Embraer 190 aircraft operated by AZAL Airlines that crashed near the Kazakhstani city of Aktau. Additionally, compensation payments to passengers have begun, according to Ilya Kabachnyk, Deputy General Director for Aviation and Space Insurance at the company. "Full payment for the aircraft was made in February," Kabachnyk stated, noting that a significant portion of the risk was reinsured by the Russian National Reinsurance Company (RNPC). While the exact amount of compensation has not been disclosed, industry experts estimate it to be between $25 million and $30 million. Compensation payments to passengers began in January and are ongoing. These payments are being made in accordance with the Montreal Convention of 1999 and Russia’s Compulsory Insurance of Civil Liability of Carriers (OSGOP) law, which provides for compensation of up to 2 million RUB (approximately $22,000) for injury or loss of life. Regarding potential claims for damage to third parties, Kabachnyk said no such claims have been received so far. "If they arise, we will work with the airline accordingly," he added. Investigation and Cause of the Crash The crash occurred on December 25, 2024, during an AZAL flight from Baku to Grozny. There were 67 people on board, 38 of whom died, the majority of them Azerbaijani citizens. According to Reuters, citing an unnamed source, the aircraft was shot down by a Russian Pantsir-S missile. Azerbaijani authorities have supported this claim, stating that they have recovered fragments of the missile. In early February, Kazakhstan published a preliminary report on the crash, which described external damage to the aircraft.