CAIRO, Jun 20 (Aswat Masriya) The chairman of EgyptAir, Safwat Muslim, said on Monday that the company has agreed to allocate a compensation of $25,000 to the families of the victims of the plane that fell into the Mediterranean last May.

Muslim said in a press statement that the Council of Ministers will be issuing death certificates for the victims of the drowned plane over the next 48 hours.

He also said that EgyptAir has agreed on the amount as an initial tranche with insurance companies until further procedures can be taken.

"The amount, $25,000, is a temporary compensation based on international measures of insurance. It will be issued to everyone, including the [families of] the deceased staff," Muslim said.

The EgyptAir flight which was carrying 66 people on board crashed on May 19 en route from Paris to Cairo.

The flight lost contact with radar as it was crossing the Mediterranean about 280 km from the Egyptian seacoast at 02:30 am Cairo local time, about 45 minutes before its scheduled arrival at Cairo airport.

The investigative committee currently looking into the case of the drowned plane has announced on Monday that they are due to finish repairing the two retrieved  black boxes within hours.