Air France-KLM Agrees to $87 Million Cargo Settlement

Air France-KLM Group, Europe’s biggest airline company, agreed to pay a total of $87 million to hundreds of freight shippers to settle class-action lawsuits in the U.S. over its involvement in a global price-fixing cartel.

The deal, which must be approved by a judge in New York, will resolve claims by companies that purchased shipping services to and from the U.S. from Air France, KLM and its Martinair unit between 2000 and 2006, the carriers said today in a statement. Indirect buyers who used an intermediary to ship their goods are barred from such claims in the U.S.

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