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Hong Kong: Cathay Pacific to pay millions in air cargo suit

 |  February 12, 2014

Hong Kong’s Cathay Pacific Airlines is reportedly set to pay $65 million to settle a class action law suit against the company and other air cargo lines for allegations of anticompetitive behavior, reports say.

Cathay Pacific is named as a defendant in a US civil antitrust class action, though reports did not elaborate on the allegations specified by the prosecutors.

The settlement will require approval by the US District Court for the Eastern District of New York. Reports say the law suit involved several jurisdictions in the US regarding air cargo operations.

Full Content: RTTNews

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