How much damage was caused behind the crash of China Eastern Airlines MU5735?

Expected to cause losses of not less than 10 billion, because the chain reaction caused by the air crash is very large, not only involves the compensation of the victims, the property loss of the crashed aircraft, but also includes the shares of listed companies, the passengers have been significantly reduced and other losses.

In fact, the loss of how much is not important, the important thing is that all 132 people on board were killed, life is priceless. But the accident has happened and must be faced directly, and those who are alive have to face life. The loss caused by this attack incident is multi-faceted, the following is a brief list of several aspects of the direct economic losses:

1, China Eastern Airline passenger plane crash caused 123 passengers and 9 crew members were all killed. The compensation for these people is the direct economic loss.

The basic compensation standard for passengers is 400,000 yuan per person plus clothing and consigned items according to the compensation standard of four thousand dollars per person. Currently everyone has aviation accident insurance, this compensation standard is not less than 600,000 yuan, so each person's compensation standard is at least 1 million yuan, 123 passengers compensation standard up to more than 123 million yuan.

For the nine crew members include three pilots, five cabin crew and a security officer. They are official employees of China Eastern Airlines, they all have social pension insurance, compensation in accordance with the work injury insurance, generally 20 times the disposable income of urban workers in the previous year, as well as six months of funeral expenses and pensions, together with the aviation accident insurance of these staff members, the standard of compensation for each person is not less than 4 million yuan on average. Nine crew members compensation rate up to 36 million yuan.

Some experts estimate that compensation for the pilots on board could be as high as $20 million, and $10 million for the rest of the crew. This mainly includes aviation accident insurance purchased by individuals because they work in a high-risk industry, and airline crews basically buy this accident insurance.

2. The crash caused the mu 5735 Boeing 737 to crash and explode. This is to cause direct economic losses, this aircraft was purchased in 2015 when the price of more than 80 million U.S. dollars, is expected to be more than 500 million yuan. In fact, every air crash, the insurance company usually has to pay the cost of 300-500 million yuan, including compensation for the victims and property compensation. This time the airline has already paid up to 165 million yuan in property costs to China Eastern Airlines and 14 payments of 14 victims' insurance compensation of 14.85 million yuan.

3. As a result of the crash, China Eastern Airlines has grounded all of its Boeing 737-800 airplanes. China Eastern Airlines has an annual operating profit of 67.1 billion yuan from the flights of such airplanes, and an operating income of more than 2 billion yuan per month. Today those revenues are gone, and there are still costs for wear and tear and depreciation on the planes.

4, China Eastern Airline crash caused passengers to change the way of traveling, so that the people by air drastically reduced, China Eastern Airlines is not excluded. At least the volume of business plummeted by 1/3, and the price of airplane tickets also dropped dramatically. China Eastern Airlines is one of the country's three major airlines, revenue at least every month also reduced more than a billion.

5. China Eastern's stock fell sharply, by 8 points in just one day. China Eastern Airlines is one of China's three major airlines and a state-owned airline, listed in New York, Hong Kong and Shanghai, with a market capitalization of hundreds of billions of dollars. Based on the current stock of China Eastern Airlines, it has evaporated at least five to six billion dollars in the falling market.

6, after the China Eastern Airlines crash, the cost of search and rescue and aftermath work is also quite huge. At that time, thousands of search and rescue personnel were used, and do on the work lasted more than ten days. Including the families of the victims of appeasement work and the scene of condolences, accommodation, round-trip expenses, etc., these costs are not yet specific figures. But at least tens of millions of dollars.

All in all, this China Eastern Airlines plane crash, resulting in direct economic losses won't be less than 10 billion. But the amount of compensation and loss cannot save these 132 living lives, because life is priceless. The accident has happened, and we need to minimize the losses, because the living still have to live.

Despite the fact that many days have passed since the difficult time, it is still very scary and frightening to think about it. The plane from more than 8,000 meters high altitude within two minutes of impact to the ground, found more than 40,000 pieces of aircraft wreckage, did not find a relatively intact remains, just found the remains of the victims of the remains of the wreckage and human tissue, through the DNA comparison to determine the identity of the 132 victims. The dead rest in peace, all the way!