Germany: Lufthansa settles price fixing suit
Date: 12 Sep 2006
Airline Lufthansa has agreed a payment of $85m to settle over allegations of price fixing, ending a series of class action lawsuits that were pending over the company.
Lufthansa is one of over a dozen airlines investigated over claims of price fixing in both the US and the European Union. The companies were accused of having colluded to fix surcharges for fuel, security services and insurance.
Other airlines that have admitted they have been contacted through the investigations include American Airlines, United Airlines, British Airways and AirFrance.
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In a recent article, the BBC's economics editor Robert Peston highlighted the fact that in 2012 the chances are that the economy - punch drunk as it is from the various flavours of debt crisis it has been pummelled with over the course of the year - will be hit by the collapse of a major bank and / or government.
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