Brazil Fines Airlines $125M Over Cargo Cartel

By Jonathan Randles (August 29, 2013, 4:13 PM EDT) -- Brazil's antitrust regulator on Wednesday fined four airlines, including bankrupt American Airlines Inc., 293 million Brazilian reals ($125 million) for fixing air cargo fuel prices in the country.

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 for air freight services, CADE said. The fuel charge represented "a substantial part" of air...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!