Korea, Singapore carriers pay $207m to exit price-fixing suit

The agreements require payments of $115 million and $92.4 million from Korean Air Lines and Singapore Airlines, respectively.


Korean Airlines Singapore Airlines Cargo


A New York federal judge has given preliminary approval to a pair of settlements totaling just over $207 million allowing Korean Air Lines and Singapore Airlines to exit an antitrust class action alleging a conspiracy to manipulate prices of freight shipping, bringing the total settlements in the case to nearly $700 million. The agreements require payments of $115 million and $92.4 million from Korean Air Lines and Singapore Airlines, respectively.