Cathay Pacific settles antitrust case in Canada

November 30, 2015

Cathay Pacific Airways yesterday said it would pay C$6 million ($4.48 million) to settle an antitrust case in Canada involving its cargo operations.

According to media reports in Hong Kong, the carrier made the announcement in a filing to the local stock exchange, and the settlement agreement is pending approval by the Canadian courts.

The filing reportedly also said that Cathay Pacific does not “admit any unlawful conduct, wrongdoing or liability in the settlement agreement”.

The filing reportedly added Cathay had made sufficient provisions in its accounts before 2015, so the settlement will not have any material effect on the airline’s future results.

James Graham

James Graham is an award-winning transport media journalist with a long background in the commercial freight sector, including commercial aviation and the aviation supply chain. He was the initial Air Cargo Week journalist and retuned later for a stint as editor. He continues his association as editor of the monthly supplements. He has reported for the newspaper from global locations as well as the UK.