Air France-KLM settles cargo price-fixing claims

AIR France-KLM has agreed to pay US87, million to have its price-fixing charges dropped in the US.

“Air France, KLM and Martinair have entered into an agreement to settle damage claims brought against them in the United States alleging violations of the antitrust laws in connection with air cargo shipping services,” the Franco-Dutch airline group said on Monday.

“Under the terms of the settlement agreement, which is subject to court approval, the carriers will pay a total of $87 million in exchange for a release from all claims by direct purchasers of air cargo shipping services to and from the United States between 2000 and 2006,” it said in a statement.

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