Three Airlines Confirm Price Fixing Probe
Three Airlines Were Being Investigated by U.S., European and Asian regulators. Three more Asian airlines confirmed Thursday they were being probed amid an investigation by U.S., European and Asian regulators into alleged collusion in the air cargo industry to fix prices on surcharges for fuel, security and insurance. South Korea's … [Read more...]
Air Cargo Price-fixing Probe Widens
Illegal Price Fixing in the Air Cargo Business. More than a dozen airlines around the world had their offices searched or were otherwise contacted by U.S. and EU investigators probing the possibility of illegal price fixing in the air cargo business. Officials with the European Commission and U.S. Department of Justice have … [Read more...]
Cathay Pacific, JAL come under EU-US cargo cartel probe
Price-Fixing Cargo Cartel Probe. Asian airlines have been raided as part of a a global probe into suspected price-fixing in the air cargo industry, officials at the carriers say. Hong Kong airline Cathay Pacific and Japanese flag carrier Japan Air Lines (JAL) were both drawn into the probe, which was launched by European and … [Read more...]
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