China Airlines (2610.TPE) has paid a US$90 million settlement to shipping customers that accused the company of fixing prices on air cargo shipments, Bloomberg reported. In addition to paying $90 million, China Airlines will provide US$200,000 for settlement notice and administration costs and will cooperate in the case against the remaining companies, the complainants said. The criminal probe is only one of many that have investigated air cargo carriers for price collusion. More than 20 other air cargo carriers pleaded guilty to participating in the conspiracy and agreed to pay criminal fines of more than US$1.8 billion.
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