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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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