US cartel case closed
- BTN News
- Monday, 23 May 2016
The last of the carriers prosecuted in a class action launched in 2006 alleging a conspiracy to artificially inflate the price of air freight services has entered into a settlement agreement of US$12.5 million.
The decision by Air India , brings the litigation to an end with total payments of $1.2 billion.
The civil class action lawsuit was scheduled for trial in September in New York Federal Court.
Compensation for customers overcharged under the price-fixing conspiracy will come from the settlements achieved as follows:
Defendant Settlement amount (in USD)
Lufthansa 85,000,000
Air France/KLM/Martinair 87,000,000
American Airlines 5,000,000
Japan Airlines 12,000,000
SAS 13,930,000
All Nippon Airways 10,400,000
Cargolux 35,100,000
Qantas 26,500,000
Thai Airways 3,500,000
British Airways 89,512,000
Lan/ABSA 66,000,000
Malaysia Airlines 3,200,000
South African Airways 3,290,000
Saudia 14,000,000
Emirates 7,833,000
El Al Israel Airlines 15,800,000
Air Canada 7,500,000
Korean Air 115,000,000
Singapore Air 92,492,442
Cathay Pacific 65,000,000
China Airlines 90,000,000
Nippon Cargo Airlines 36,350,000
Asiana Airlines 55,000,000
EVA Airways 99,000,000
Polar Air Cargo/Atlas Air 100,000,000
Air China 50,000,000
Air New Zealand 35,000,000
Air India 12,500,000
Total $1,235,907,442
