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Lufthansa settles class action civil suits in the US

12-Sep-2006

Frankfurt (LUFTHANSA) - Pending approval by the relevant court, Lufthansa today reached a settlement agreement with plaintiffs’ representatives according to which it will pay US$85 million to settle class action lawsuits pending in the US.

Lufthansa and numerous other airlines are alleged to have been involved in price fixing activities in the air cargo industry. Following court approval, Lufthansa – including Lufthansa Cargo AG and Swiss International Air Lines Ltd. – would be released from the pending US civil class actions. Lufthansa has applied for leniency to the US Department of Justice, the EU Commission and other cartel authorities in other countries and received conditional immunity.

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