Singapore Airlines 2016 Annual Report Download - page 193
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36 Contingent Liabilities (in $ million) (continued)
(a) Cargo: Investigations by Competition Authorities and Civil Class Actions (continued)
The plaintis in the South Korea proceedings withdrew their complaint in July 2011 and the proceedings were accordingly dismissed
without prejudice. In January 2014, a shipper from South Korea which purportedly contracted with SIA Cargo’s customers served a claim
against SIA Cargo and other airlines. SIA Cargo is defending this proceeding.
Without admitting any liabilities, SIA Cargo and the Company have settled with plaintis in the United States, Australia and Canada to
resolve all liabilities of SIA Cargo and the Company as concerns the civil damage or class action lawsuits filed in the relevant jurisdictions.
Apart from Canada, the United States and Australia, the filed cases remain in their respective procedural stages and none have been tried
thus far on their respective substantive legal merits.
Apart from the exceptional items noted above, it is premature to make a provision in the financial statements for the other pending
investigations, court proceedings, civil suits, or threatened claims as the outcome is uncertain.
(b) Passengers: Civil Class Actions
The Company and several other airlines have been named in a civil class action lawsuit in Canada alleging an unlawful agreement to fix
surcharges and fares on transpacific flights. The case is currently in the procedural stage and has not been tried thus far on its substantive
legal merits. As the lawsuit has neither been tried nor alleged damages quantified, it is premature to make a provision in the financial
statements.
In August 2014, without admitting any liability, the Company entered into a settlement agreement with the class action plaintis in
the United States for USD9.2 million ($11.4 million) with respect to the passenger civil class action lawsuits filed in the United States. In
accordance with the agreement, the Company paid the above amount into an escrow account pending court approval. Final approval of
the settlement was granted by the court in June 2015. Subsequently, one of the class members filed an appeal against the court judgment
approving the settlement. This appeal is currently pending.
Annual Report FY2015/16 191