ASB profit drops to $1.4b as class action settlement lifts costs

PremiumNZ Herald12 Aug, 2026 12:49 AM2 mins to readASB has posted a lower full-year profit, after its expenses rose on the back of a class action settlement. Photo / Fiona GoodallASB has posted a lower full-year profit, after its expenses rose on the back of a class action settlement. Photo / Fiona GoodallASB has poste

Under the terms of the settlement, Air Canada, Nav Canada, and the Halifax International Airport Authority are to pay a total of $18,075,000 to settle the class action, which includes legal fees and expenses.

The Supreme Court of Nova Scotia has approved a settlement in the class-action lawsuit involving a crash landing of an Air Canada flight in Halifax more than a decade ago.

N.S. court approves $18M class-action settlement in 2015 Air Canada crash landing  Toronto Star