Asiana To Pay $55m In Freight Case

South Korean carrier Asiana Airlines has agreed to pay a $55m settlement over allegations of price fixing in freight services.

South Korean carrier Asiana Airlines has agreed to pay a $55m settlement over allegations of price fixing in freight services.
 
Asiana is the latest of 22 airline groups, including American Airlines, Air France and Lufthansa, that have agreed to pay settlements in the ongoing case of Air Cargo Shipping Services Antitrust Litigation which is being heard in the US District Court for Eastern New York.
 
The litigation was launched in 2006 by users of airfreight services and alleges that 46 carriers conspired to fix prices of shipping services by coordinating surcharges for fuel, for example, and by agreeing to prevent the discounting of surcharges.
 
The Asiana settlement was confirmed by lawyers for the plaintiffs Kaplan Fox and is now awaiting court approval.
 
To date settlements totalling $903m have been agreed with defendants, with $485m granted approval by the court.
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