Korean Air, Singapore Airlines to Pay $200 Million to Settle Air Cargo Price Fixing Charges

Two more airlines have agreed to settle allegations that they fixed the price of air cargo surcharges. Korean Air and Singapore Airlines will pay over $200 million to settle the class action lawsuit at the Eastern New York U.S. District Court. Companies that purchased air freight services from any of the defendants to the lawsuit (here) between Jan. 1, 2000, and Sept. 11, 2006, are eligible to claim a share of the settlement money, according to an alert from Sandler Travis, which represents several plaintiffs in the case. The District Court preliminarily approved the settlements on Jan. 29. Several other companies, including Lufthansa, Air France, and Japan Airlines, have already settled, according to court filings.