The owner of the Russian airline which crashed in Sinai, Egypt, said that the company is planning to demand compensation.
According to the Russian news agency TASS, Metrojet's owner said he is looking to reach an agreement with Egypt on receiving compensation without filing lawsuits.
"Egypt is Russia's partner in many spheres, these are the relations that have been built over decades, and we respect this and will try to agree to the last on compensation without judicial steps," Metrojet's owner Ismail Lepiev told Forbes.
TASS added that the plane crash was "a terror attack with the explosion of a homemade bomb with a yield of up to one kilogramme of TNT." Russia later announced it would suspend all its flights to Egypt for security concerns.
Sources in the Egyptian insurance sector said that Egypt would pay $674 million in compensation to the Russian jet and its passengers if it is proven that the crash resulted from a terror attack that was carried out inside Egyptian territories. The Russian airline Metrojet expects Egypt to announce the official results of the investigation soon.