China Airlines will reportedly pay a hefty antitrust fine after the company was sued by US consumers for allegedly fixing air cargo shipment prices.
China Airlines has agreed to pay a $90 million fine, a settlement that follows 21 other airlines’ agreement to settle, reports say. Shipping consumers filed the lawsuit against the airlines in New York.
Since, plaintiffs have been awarded more than $835 million in total settlement deals, reports say.
Full content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.