According to CNBC, the airline has already been paid $110 million for the loss of its plane. That money comes from Allianz who was the insurer, presumably backed up by some smaller companies that took a piece of the risk.
Now comes the question of payouts to the families of victims. And it’s a good bet that if a Chinese citizen living in China bought his or her ticket in China, a family will receive much less than if the victim is an American who bought a ticket in the US. Three Americans were passengers on that flight.
Who knows if the cause of that plane’s crash will ever be known, but lawyers filed discovery requests just days after it disappeared. Targets of lawsuits will be Malaysia Airlines, Boeing, and the manufacturer of the engines.
Factors that determine where an airline can be sued include where the airline is based, where the ticket was purchased, where the passenger lived, and, of course, the age and earning history—and future—of the deceased. This one will be a tough one.
But US lawyers are already in Asia lining up clients.