SAS Cargo settles class action lawsuits in the United States

SAS Cargo settles class action lawsuits in the United States  

SAS Cargo, along with numerous other air cargo carriers, has been named
as a defendant in a number of class-action lawsuits in the US which were
brought in spring 2006, after the U.S. Department of Justice and the
European Commission each announced investigations into possible price
fixing in the air cargo industry.  

SAS Cargo has now entered into an agreement to settle these class-action
lawsuits in the US, subject to court approval. The settlement means that
SAS Cargo will pay a settlement amount of USD 13.93 M, along with notice
costs, corresponding to a total of approximately SEK 105 M in exchange
for a release from all damage claims from customers that purchased air
cargo shipping services directly from SAS Cargo to, from and within the
US between 2000 and 2006.

The settlement agreement in the US will have an adverse effect on the
SAS Group's liquidity and earnings, amounting to approximately SEK 105 M
during the third quarter of 2010.

Further background information was previously published in the SAS
Group's quarterly reports, most recently for the second quarter of 2010.