Government of Libya

On December 21, 1988 Pan Am Flight 103 was bombed and destroyed by Libyan terrorists over Lockerbie, Scotland. In the aftermath of the bombing, international air traffic declined; Pan Am filed for bankruptcy relief and the airline ceased operations in December 1991. The Government of Libya has agreed to pay a $30 million settlement to Pan Am's administrative creditors, including more than 15,000 former employees. All those who hold an Allowed Administrative Claim can expect a distribution check in the mail in December 2006. The Libyan Government previously set up a $2.7 billion dollar fund to compensate the families on Flight 103. (Aug-16-06) [PR NEWSWIRE]

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