Air New Zealand agrees to $35m in US air cargo cartel payout

Air New Zealand is the latest airline to reach a settlement with plaintiffs in the ongoing air cargo cartel lawsuit in the US.
On Sunday, lawfirm Kaplan Fox & Kilsheimer (KFK) announced that the airline had reached a $35m settlement, subject to court approval, pushing the total amount raised through agreements to more than $1.2bn.
KFK said the only airline left to face trial or reach an agreement was Air India.
“To date, plaintiffs have entered into settlements with 27 defendant groups totalling more than $1.2bn, of which settlements with 24 defendant groups for $1.04bn have been granted final approval by the court,” the law firm said.
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 February, Air China reached a settlement with plaintiffs.

Share this story

Related Topics

Latest airlines news

YunExpress targets e-commerce demand with latest 777 freighter

YunExpress has extended its agreement with lessor Atlas Air to include a second Boeing 777-200 freighter that will be used…

Read More

Share this story

WFS strikes DHL cargo deal in France

DHL Aviation has signed a new multi-year contract with Worldwide Flight Services (WFS) to manage freight at its airport stations…

Read More

Share this story

AAPA: February Asia air cargo demand up 10%

Air cargo demand in Asia grew in February “as a result of business and e-commerce activity” said the Association of…

Read More

Share this story

Air Cargo News

Air Cargo News
Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.