Brazil Fines Airlines $125M Over Cargo Cartel
American, ABSA Aerolinhas Brasileiras SA, Varig Logistica SA and Alitalia Linee Aeree Italiane SpA, plus seven individuals, were penalized for cartel activity between 2003 and 2005, according to the Brazilian Administrative Council for Economic Defense, known as CADE.
The airlines exchanged information to coordinate and implement an air cargo fuel charge and colluded to set the final price...
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