EL Al awaits US price-fixing settlement approval

EL Al ISRAEL Airlines awaits approval for its US$15.8m US class action settlement over alleged price-fixing.
The carrier has already paid $9.8m and the remaining sum is to be paid in five installments of $1.2m by the end of 2016.
It is understood a New York court will approve the settlement in the next few months.
The lawsuit, filed against 39 airlines in February 2007, alleged the carriers had colluded on surcharges, the elimination or prevention of discounts and commissions.
EL Al has not admitted to any wrongdoing or liability.
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