Carriers To Pay $214M In Air Cargo Price-Fixing Deal

Law360, New York (April 9, 2009, 12:00 AM EDT) -- Three international airlines — Luxembourg-based Cargolux Airlines International SA, Japan-based Nippon Cargo Airlines Co. Ltd. and Korea-based Asiana Airlines Inc. — have each agreed to plead guilty and fork over criminal fines totaling $214 million for conspiring to fix prices in the air cargo industry.

The U.S. Department of Justice announced the charges and plea deals Thursday, adding that Asiana had additionally been charged with fixing the passenger fares on flights from the United States to Korea.

According to charges filed in the U.S. District Court...
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