Qantas, DOJ Settle For $61M In Price-Fixing Suit

Law360, New York (November 27, 2007, 12:00 AM EST) -- Qantas Airways Ltd. will shell out $61 million and plead guilty to charges that it conspired with other carriers to fix prices for air cargo services, according to settled charges filed by the U.S. Department of Justice on Tuesday.

As the largest airline carrying cargo between the U.S. and Australia between January 2000 and February 2006, Qantas raked in more than $600 million, much of it by colluding with other airlines to eliminate competition in the cargo markets, according to the DOJ's suit.

The plea deal,...
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