#Australian_flagship airline #Qantas_Airways said on Monday it reached a settlement agreement with the country’s competition regulator under which it may be obliged to pay A$100 #million ($66 #million) civil penalty in a flight cancellation case.
The #penalty would be subject to the approval of #Federal_Court of #Australia, it said in a #statement.
#Qantas was sued in #August by the #Australian Competition and Consumer Commission (#ACCC), which accused it of selling tickets to thousands of flights after they were cancelled, putting the airline at risk of huge fines.
As part of the settlement, Qantas will start a projected A$20 #million remediation program for passengers impacted by flight cancellations, with each impacted customer getting payments from A$225 to A$450, the airline said.
“Today represents another important step forward as we #work towards restoring confidence in the national carrier,” #Qantas_ Group CEO #Vanessa #Hudson (NYSE:#HUD) said.
($1 = 1.5138 #Australian_Dollars)
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