Malaysia Airlines Flight MH370 families could collect millions as search resumes for debris. As each day passes it appears less likely that loved ones on board the missing plane will be found alive. According to Yahoo Finance on Mar. 21, there are significant hurdles, but the families could be paid large sums.
Under an international treaty known as the Montreal Convention, the airline must pay relatives of each deceased passenger an initial sum of around $150,000 to $175,000.
Malaysia Airlines can be sued by the victim's families for damages totaling in the millions of dollars. There is precedence for this and the airline will have trouble pleading "absence of negligence" in this case.
After Australia’s announcement that satellite photos may have found what look like debris from the missing plane 1,500 miles southwest of Perth, according to CNN, hopes were raised yet again. P-8 Poseidon and P-3C Orion search aircraft have been dispatched by the U.S., Australia and New Zealand militaries to the area all looking for the Malaysia Airlines plane.
The debris in the satellite images were called some of the best leads yet in the case of the aircraft, which has now been missing for over 2 weeks. Right now the search area covers 3 million miles. The U.S. is confident that the southern Indian Ocean is the place to look.
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