Qantas Sets Aside $47M For Price-Fixing Fines

Law360, New York (August 13, 2007, 12:00 AM EDT) -- In response to the mammoth penalties levied on other carriers in the ongoing investigation into price-fixing in the air cargo industry, Australian airline Qantas has earmarked $40 million for antitrust fines.

The carrier said on Monday that the funds would be used to pay fines imposed by the U.S. Department of Justice.

“Qantas previously disclosed that it had been cooperating with regulators in the U.S.A., Europe, Australia, New Zealand and other jurisdictions in their investigation into alleged price fixing in the air cargo market,” said Qantas...
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