Singapore Airlines Cargo (SQC, Singapore Changi) has reached a settlement with plaintiffs in a class action case brought against it in the United States. Under the terms of the settlement, the Singapore Airlines (SQ, Singapore Changi) subsidiary will pay USD62.8million and make a corresponding provision in its financial statements. However, the airline says it hasn't admitted any guilt with the settlement resolving any liability for the company from the air cargo class action in the U.S. The case is not limited to the Singaporeans alone. The case claims that between January of 2000 and February of 2006, major international cargo airlines allegedly conspired to inflate the price of shipping goods by air. Following raids by law enforcement agencies around the world on February 14, 2006, class action lawsuits were filed in the United States seeking to recover the damages inflicted. The consolidated action, which is now pending in the Eastern District of New York, seeks damages for overcharges incurred with respect to air cargo shipments to, from and within the United States. The class has reached settlements totalling nearly half a billion dollars. Twenty of the defendants in the case have been named as (with their settlements included): Lufthansa (LH, Frankfurt Int'l) (USD85million); Air France (AF, Paris CDG)/KLM Royal Dutch Airlines (KL, Amsterdam)/Martinair (MP, Amsterdam) (USD87million); American Airlines (AA, Dallas/Fort Worth)(USD5million); JAL - Japan Airlines (JL, Tokyo Haneda) (USD12million); SAS Scandinavian Airlines (SK, Copenhagen Kastrup) (USD13.93million); ANA - All Nippon Airways (NH, Tokyo Haneda) (USD10.4million); Cargolux (CV, Luxembourg) (USD35.1million); Qantas (QF, Sydney Kingford Smith) (USD26.5million); Thai Airways International (TG, Bangkok Suvarnabhumi) (USD3.5million); British Airways (BA, London Heathrow) (USD89.5million); LAN Airlines (LA, Santiago de Chile Int'l) (USD66million); Malaysia Airlines (MH, Kuala Lumpur Int'l) (USD3.2million); South African Airways (SA, Johannesburg O.R. Tambo) (USD3.29million); Saudia (SV, Jeddah) (USD14million); Emirates (EK, Dubai Int'l) (USD7.833million); El Al Israel Airlines (LY, Tel Aviv Ben Gurion) (USD15.8million) and Air Canada (AC, Montréal Trudeau) (USD7.5million).