In 1996, the governments of the United States and Iran reached a settlement at the International Court of Justice which included the statement "...the United States recognized the aerial incident of 3 July 1988 as a terrible human tragedy and expressed deep regret over the loss of lives caused by the incident..." As part of the settlement, even though the U.S. government did not admit legal liability or formally apologize to Iran, it still agreed to pay US$61.8 million on an ex gratia basis, amounting to $213,103.45 per passenger, in compensation to the families of the Iranian victims.
$200,000?.. pretty cheap..
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