A PYMNTS Company

US: Polar Air Cargo agrees $100m settlement in antitrust lawsuit

By  |  January 10, 2016

Polar Air Cargo will pay $100m in three installments over three years in the latest settlement agreed under a US antitrust class action lawsuit.

Action was brought against multiple carriers by purchasers of air cargo services who alleged collusion on pricing on routes to and from the US in the period 2000-06.

Polar Air Cargo, Polar Air Cargo Worldwide and Atlas Air Worldwide Holdings together entered into a settlement agreement with the litigants.

Polar provides scheduled freighter services for AAWW, its majority owner. The companies deny any wrongdoing or liability.

The settlement is the second-largest of 25 reached by law firm Hausfeld in the case. Total settlements now exceed $1.1bn. The case continues against three remaining defendants: Air China, Air India, and Air New Zealand.

Full content: The Wall Street Journal

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.