BA and four Latin American carriers to pay US$150M

British Airways will pay US$89.5 million, while three South American carriers, Chilean Lan Airlines, Lan Cargo and Brazilian carrier Aerolinhas Brasileiras (ABSA) have agreed a $66 million settlement between them, all aimed at settling a US class-action lawsuit over their roles in an international price-fixing cartel. A group of more than 20 Asian, European and […]


ABSA Aerolinhas Brasileiras British Airways cartel Chilean Lan Airlines LAN Cargo


British Airways will pay US$89.5 million, while three South American carriers, Chilean Lan Airlines, Lan Cargo and Brazilian carrier Aerolinhas Brasileiras (ABSA) have agreed a $66 million settlement between them, all aimed at settling a US class-action lawsuit over their roles in an international price-fixing cartel. A group of more than 20 Asian, European and South American airlines is accused of agreeing prices for fuel surcharges on US shipments between 2000 and 2006. In the US, 21 airlines and 21 executives have been charged in the investigation by the Department of Justice. Fines totalling more than $1.8 billion have been handed out and four executives have been sentenced to serve prison terms. So far, 13 of the airlines involved, including Air France-KLM which has paid out $87 million, have reached compensation agreements with shippers for a total of $367.9 million.