The government had said families of each victim would be given Rs 72 lakh each, says Mangalore Air Crash Victims Family Association
The accident took place around 3.15 pm when Mistry was travelling to Mumbai from Ahmedabad. The accident took place on a bridge over the Surya river.
Contrary to the general impression that Mistry's removal was sudden, it was actually three years in the coming, writes Peter Casey in the book 'The Story of Tata.'
Mistry, who was the sixth chairman of Tata Sons, succeeding Ratan Tata, was unceremoniously removed from the position in October 2016, over disagreements over running the conglomerate.
The Tata Sons, which took over from the government the loss-making airline on January 27 this year, announced the appointment of Wilson on May 12.
Tata Sons has an 83.67% stake in AirAsia India.
Salt-to-software conglomerate Tata Group had on October 8 last year won the bid to acquire debt-laden state-run Air India by offering Rs 18,000 crore for it.
Tatas regained ownership of Air India late last month, nearly seven decades after it lost control to the government.
The deal completes a full circle as Air India was founded in 1932 under the name Tata Airlines by family scion and aviation enthusiast Jehangir Ratanji Dadabhoy Tata.
Air India, with its maharajah mascot, was once renowned for its lavishly decorated planes and stellar service championed by the airline's founder, JRD Tata, India's first commercial pilot.