Airlines plead guilty to price-fixing

Cargolux, Nippon Cargo and Asiana pay US$214 million.
Cargolux will pay $114 million in fines over a five-year period.
Cargolux will pay $114 million in fines over a five-year period.

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Three international airfreight carriers have entered a plea agreement with the US Department of Justice (DoJ), which will see them pay a total of US$214 million in fines.

The DoJ accused the airlines of conspiring to eliminate competition by fixing international cargo rates charged between 2001 and 2006. Around 15 airlines have now agreed to plead guilty to similar charges, added the DoJ, with total fines now amounting to $1.6 billion. 

Cargolux will pay $114 million over a five-year period, with Nippon Cargo Airlines paying $45 million and Korea’s Asiana Airlines paying $50 million.

“Cargolux takes its obligation and commitment to abide by the laws and specifically competition laws very seriously,” said Marc Hoffmann, chairman of the Cargolux board.

“Cargolux has meanwhile reviewed and reinforced its competition compliance programme in place, which requires all our staff to fully comply with such requirements at all times,” Hoffman added. 
 

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