MALAYSIA: MAS to settle US forwarder class action

Malaysia Airlines (MAS) has said it will pay US$3.35 million to a number of freight fowarders in the US in a class action settlement agreement to resolve claims asserted against it concerning alleged price fixing on airfreight shipping services and related surcharges.


class forwarder Malaysia MAS US


Malaysia Airlines (MAS) has said it will pay US$3.35 million to a number of freight fowarders in the US in a class action settlement agreement to resolve claims asserted against it concerning alleged price fixing on airfreight shipping services and related surcharges. The settlement is subject to court approval.

“Under the terms of the settlement, MAS will pay US$3.35 million to the plaintiffs, representing the lowest settlement amount paid by any airline to date. Under the settlement agreement, MAS does not admit to any wrongdoing and continues to deny any involvement in price fixing activities,” MAS said in a stock exchange statement.