Canada Fines Cathay Pacific $1.5M For Cargo Price-Fixing

Law360, Chicago (June 20, 2013, 3:21 PM EDT) -- Cathay Pacific Airways Ltd. will pay a fine of CA$1.5 million ($1.44 million) after pleading guilty to charges in Canada that it took part in an international air cargo price-fixing conspiracy, the country’s antitrust watchdog said Thursday.

Hong Kong-based Cathay Pacific is the eighth carrier to cop to a role in a cartel to fix various surcharges on air cargo, which has netted over CA$24 million in fines, according to a statement from Canada’s Competition Bureau.

"When the bureau obtains evidence of wrongdoing, it does not...
To view the full article, register now.