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.
Bristow Group Inc., in partnership with Electra, Avinor and the Norwegian Civil Aviation Authority (CAA Norway), will undertake a series of demonstration flights across five locations in Norway using...
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...
Few infrastructure projects have the potential to reshape an island's future quite like the ongoing transformation of Nevis Airport. To gain deeper insight into this ambitious development and the...
Airbus 2026 Cargo Global Market Forecast, unveiled at the Cargo Facts Symposium, predicts that the global fleet of dedicated freighter aircraft will expand by 46%, rising from 2,360 aircraft in 2026 t...
