AIRLINES PLEAD GUILTY FOR THEIR ROLE IN WORLDWIDE CONSPIRACY TO FIX AIR CARGO PRICES

On April 9, 2009, Cargolux Airlines International, Nippon Cargo Airlines, and Asiana Airlines, pled guilty and agreed to pay criminal fines totaling $214 million for their role in worldwide conspiracy to fix to fix prices in the air cargo industry.
The three airlines took part in the conspiracy between 2000 and 2006. Cargolux Airlines agreed to pay $119 million; Nippon Cargo Airlines agreed to pay $45 million; and Asiana Airlines agreed to pay $50 million.

As a part of this same investigation, 15 other airlines, including British Airways Plc, Korean Airlines Ltd, Qantas Airways Limited, Japan Airlines International Co. Ltd., Martinair Holland N.V., Cathay Pacific Airways Limited, SAS Cargo Group A/S, Soci