Air China agrees to $50m payout in US air cargo cartel lawsuit

Air China has reached a $50m settlement with plaintiffs in the ongoing air cargo cartel class action lawsuit in the US.
Law firm Robins Kaplan LLP said that Air China Limited and Air China Cargo Company Limited had agreed to the payout.
It said only Air India and Air New Zealand were now left to face trial, due to go-ahead in September.
The industry-wide litigation arose from allegations about the pricing practices of a number of air cargo carriers on routes to and from the US from January 2000 through September 2006.
In total 26 settlements had been entered into totalling just under $1.2bn.
The law firm said in separate criminal antitrust probes running parallel to the civil case, 21 different air cargo providers have pleaded guilty and have agreed to criminal fines of more than $1.8 billion.
In January, Polar Air Cargo reached a $100m settlement with plaintiffs.
Last year, Air China had the fastest growing cargo volumes of many of its competitors.

Share this story

Related Topics

Latest airlines news

Meneguette takes VP role at LATAM Cargo Brazil

By Damian Brett

LATAM Airlines Group has appointed Otávio Meneguette as LATAM Cargo Brazil vice president, responsible for leading the company’s air cargo…

Read More

Share this story

AerSale swoops on 24 B757s as it eyes cargo conversions

By Damian Brett

Lessor and MRO firm AerSale has entered into a purchase agreement to acquire 24 Boeing 757-200 passenger aircraft that it…

Read More

Share this story

IAG Cargo notes its heaviest uplift on Mumbai-London B777 flight

By Rachelle Harry

IAG Cargo has uplifted 50,026 kgs of cargo on a single flight on its long-haul route from Mumbai to London…

Read More

Share this story