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Three International Airline Companies Agree to Plead Guilty to Price Fixing on Air Cargo Shipments; Cargolux Airlines International S.A., Nippon Cargo Airlines Co. Ltd. and Asiana Airlines Inc. Agree to Pay a Total of $214 Million in Criminal Fines.

Publication: M2 Presswire
Publication Date: 10-APR-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-10 April 2009-US Department of Justice: Three International Airline Companies Agree to Plead Guilty to Price Fixing on Air Cargo Shipments; Cargolux Airlines International S.A., Nippon Cargo Airlines Co. Ltd. and Asiana Airlines Inc. Agree to Pay a Total of $214 Million in Criminal Fines(C)1994-2009 M2 COMMUNICATIONS LTD

RDATE:09042009

WASHINGTON - Three international airline companies -Luxembourg-based Cargolux Airlines International S.A., Japan-based Nippon Cargo Airlines Co. Ltd. (NCA), and Korea-based Asiana Airlines Inc. -have each agreed to plead guilty and pay criminal fines totaling $214 million for conspiring to fix prices in the air cargo industry. In addition, Asiana was charged with fixing the passenger fares charged on flights from the United States to Korea.

According to the charges filed today in the U.S. District Court for the District of Columbia, Cargolux engaged in a conspiracy in the United States and...

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