SIA and 7 other carriers reach settlement in price-fixing lawsuit
They agree to pay US$39.5 million in total to settling fund; suit continues against 5 other airlines
Singapore
SETTLEMENTS have been reached with eight airlines - including Singapore Airlines (SIA) - in a class action lawsuit related to price-fixing of tickets for trans-Pacific flights.
According to a legal notice on the website airlinesettlement.com, the eight airlines are Air France, Cathay Pacific, Japan Airlines, Malaysia Airlines, Qantas, SIA, Thai Airways and Vietnam Airlines. Meanwhile, the lawsuit is said to be continuing against five non-settling airlines - namely Air New Zealand, All Nippon Airways (ANA), China Airlines, Eva Airways and Philippines Airlines.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Huawei’s smart car tech offers automakers route to China sales
Sri Lanka to hand management of China-built airport to India, Russia companies
Tesla’s plan for affordable cars takes page from Detroit rivals
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter
AirAsia discloses new listing plans under RM6.8 billion units merger