With the announcement that\u00a0 the last remaining carrier yet to stand trial, Air India, agreed to settle out of court for US $12.5 million, it is finally case-closed for the decade-long anti-trust lawsuit.\u00a0
\nAir India was originally scheduled to stand trial in September to refute the accusation it had colluded with other airlines to artificially inflate airfreight rates. After seeing the fate of fellow hold-out, Air New Zealand, which earlier this month was slapped with a $35 million fine, the carrier threw in the towel.
\nIn the end, 21 carriers pleaded guilty and have agreed to pay out more than $1.8 billion in fines to the case\u2019s plaintiffs, a group of forwarders.\u00a0 Korean Air and Atlas Air faced the largest fines with $115 million and $100 million respectively.
\n\u201cAfter more than a decade of relentless effort, we are pleased to add these final settlements to our existing recoveries and achieve justice for those impacted by the defendants\u2019 alleged anticompetitive practices,\u201d said\u00a0Hollis Salzman, co-lead counsel for\u00a0the plaintiff class at Robins Kaplan.
\nSource: aircargoworld<\/p>\n","protected":false},"excerpt":{"rendered":"
With the announcement that\u00a0 the last remaining carrier yet to stand trial, Air India, agreed to settle out of court for US $12.5 million, it is finally case-closed for the decade-long anti-trust lawsuit.\u00a0 Air India was originally scheduled to stand trial in September to refute the accusation it had colluded with other airlines to artificially[…]<\/a><\/p>\n","protected":false},"author":1,"featured_media":1500,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[49],"class_list":["post-1499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-airport-code"],"_links":{"self":[{"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/posts\/1499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/comments?post=1499"}],"version-history":[{"count":0,"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/posts\/1499\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/media\/1500"}],"wp:attachment":[{"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/media?parent=1499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/categories?post=1499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/tags?post=1499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}