Without admission of liability Air France-KLM is to pay families E.17,500 ($24,420) compensation for every individual killed on Flight AF 447 from Rio de Janeiro to Paris, in which 228 people tragically died when the

jet crashed into the Atlantic on June 1.

Passengers from 32 nationalities died in the Airbus A330 crash, with 61 French nationals and 58 Brazilians amongst them.

Investigators are still trying to find the cause of the disaster with the only clue so far being a severe electrical storm which the aircraft's automatic beacon indicated just prior to losing contact with ground controls.

Meanwhile, it looks like being a very expensive – as well as tragic – year for the airline with the unrelated news that it may seek to cut a further 3,000 jobs, although it hopes to achieve this without redundancies.