Polar Air Cargo will pay $100m in three instalments 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 LLC, Polar Air Cargo Worldwide and Atlas Air Worldwide Holdings (AAWW) together entered into a settlement agreement with the litigants.
Polar provides scheduled freighter services for AAWW, its ...
Comment on this article