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.
Archer Aviation all-electric Midnight air taxi successfully completed several days of piloted flights across the San Francisco Bay Area as part of the company’s “No Roads” flight tou...
The Tennessee Valley Authority is demonstrating the real-world value of the Tecnam P2012 Special Mission Platform (SMP), which has become a vital tool for monitoring and maintaining its...
Private jet catering requires an understanding of the journey as much as the passengers' preferences. SkyDine Jet Catering explores how flight duration, departure schedules, airport location, and...
Air Baltic Corporation AS , Latvia’s national airline and the leading carrier in the Baltic States, announced that airBaltic and its subsidiaries participating in the voluntary Ch...
