The last holdout in the US Air Cargo Shipping Services Antitrust Litigation suit, Air India (AI, Mumbai Int'l), has agreed to settle out of court for USD12.5 million.
The announcement comes after Air New Zealand (NZ, Auckland Int'l) agreed to settle its claims for USD35 million earlier in the month. Had Air India not moved to settle, it would have been the only defendant in a trial scheduled to go ahead in September of this year.
The US suit is only one of several filed by antitrust ...
The South African government will only consider additional funding for South African Airways (SA, Johannesburg O.R. Tambo) once the struggling national carrier has resolved its leadership problems Deputy Minister of Finance, Mcebisi Jonas, told parliament last week.
Last year, the airline asked the South African Treasury for a guarantee of at least ZAR4 billion (USD284 million) for it to finalize its 2014/15 financial statements as a going concern.