Lufthansa settles price fixing suits

Pending approval by the relevant court, Lufthansa has reached a settlement
agreement for US$85
million for class action lawsuits pending in the US. Lufthansa and numerous
other airlines are alleged to have been involved in price fixing activities in the
air cargo industry.

Following court approval, Lufthansa - including Lufthansa Cargo AG and Swiss
International Air Lines Ltd. - would be released from the pending US civil class
actions. Lufthansa has applied for leniency to the US Department of Justice, the EU
Commission and other cartel authorities in other countries and received conditional