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LequteMan
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South Korea’s largest air carrier, Koren Air (KAL) has agreed to pay $US39 million in cash and $US26 million in coupons to passengers who have accused the airline of conspiring with local rival Asiana Airlines to establish artificially high travel fares between South Korea and the US.
This follows a lawsuit launched by a group of passengers after the US Department of justice fined Korean Air with $300 million and Asiana with $50 million over anti-trust violations in 2000.
A US court hearing has been scheduled for December 2 for final approval of the settlement.
Asiana settled its side of the case in 2011.
"Asiana and Korean Air have agreed to settle this case to avoid the cost and uncertainty associated with continuing it," said a website supervised by the court and controlled by an independent settlement administrator.
This follows a lawsuit launched by a group of passengers after the US Department of justice fined Korean Air with $300 million and Asiana with $50 million over anti-trust violations in 2000.
A US court hearing has been scheduled for December 2 for final approval of the settlement.
Asiana settled its side of the case in 2011.
"Asiana and Korean Air have agreed to settle this case to avoid the cost and uncertainty associated with continuing it," said a website supervised by the court and controlled by an independent settlement administrator.
