LAN Cargo agreed to pay $59.7 million to settle its portion of a civil class action suit brought in the US related to cargo price fixing. The case was filed after LAN reached a plea agreement with the US Dept. of Justice over airfreight antitrust violations (ATW Daily News, Jan. 23, 2009). Campinas-based ABSA Cargo Airline, in which LAN holds a majority stake, will pay $6.3 million towards the class action settlement, bringing LAN's total to $66 million. The Chilean airline said the ...

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