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ACCC To Impose $16M In Air Cargo Probe Fines

Law360 (February 10, 2009, 12:00 AM EST) -- Months after winning $25 million in penalties, the Australian Competition and Consumer Commission is roping more airlines into paying a total of $16 million in fines as part of a probe into an alleged global fuel surcharge cartel.

The ACCC said Tuesday that Martinair Holland NV and Cargolux International Airlines SA had consented to pay $5 million each for their alleged roles in price-fixing from early 2003 to 2006.

Air France-KLM has agreed to pay $6 million. The ACCC said the proposed fine reflects the combined...
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