PVI Holdings, the insurance arm of state-run oil and gas giant PetroVietnam, will pay US$3.5 million in compensation for the damages of the Airbus EC 130 T2 helicopter that crashed during a training flight last week.

The said sum covers only the fuselage of the crashed chopper, as the insurer is still completing compensation procedures for the three pilots killed in the October 18 crash, according to a PVI representative.

The EC 130T2 chopper coded VN-8632 disappeared off radar screens some 15 minutes into a training flight near Dinh Mountain in the southern province of Ba Ria-Vung Tau.

The chopper was later confirmed crashed, with the wreckage as well as the bodies of an instructor and two trainee pilots found after a day of search.

Shortly after the crash, PVI had given each family of the deceased pilots a temporary sum of VND500 million ($22,321), according to the insurer’s representative.

The crashed EC 130T2 chopper was manufactured in France in 2014 and was of versatile use, from military to tourism purposes.

The helicopter is among the flying fleet of the Vietnam Helicopter Corporation.

PVI has confirmed it is the main insurer for the entire Vietnam Helicopter Corporation fleet since 2009, covering damages related to the aircraft fuselages, pilots and aircrew.

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