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Taiwan: TransAsia proposes $496,319 in compensation to families of plane crash victims

August 26, 2014 - 6:00am

TransAsia Airways Corp. has offered a compensation of $14.9 million Taiwanese ($496,319) each to the families of 48 passengers and crew who died in the TransAsia Flight GE222 crash in July 2014, reported Taipei Times.

The compensation amount includes an out-of-court settlement of TWD 13.5 million ($449,685).

If the families accept the amount, TNA would incur losses of about TWD 715.2 million ($23.8 million) from the crash.

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