Ikman Ikreza 0 Report post Posted December 1, 2010 Singapore Airlines Cargo is admitting that it conspired to fix prices for international shipments and agreed to pay a $48 million criminal fine. The Justice Department announced Tuesday that the airline had agreed to plead guilty for its role in a price fixing scheme from 2002 through 2006. According to the charging document, the airline agreed with competitors to set rates on cargo shipments to and from the United States. The airline, a subsidiary spun off of parent company Singapore Airlines in 2001, has agreed to cooperate with an ongoing antitrust investigation. So far, 20 airlines and 17 industry executives have been charged. The defendants have paid $1.7 billion in criminal fines. Four executives have been sentenced to prison, while charges are pending against the others. Source : http://www.kansascity.com/2010/11/30/2485295/cargo-airline-pleads-guilty-in.html Share this post Link to post Share on other sites
Mohd Suhaimi Fariz 2 Report post Posted December 1, 2010 Fortunately MASkargo isn't one of the guilty airlines being fined for price fixing. Share this post Link to post Share on other sites
Ashmil Abd Ghani 0 Report post Posted December 1, 2010 (edited) Bukan ke, MASkargo also 1 of cargo airline been fined/case brought to court...I can't recall where and when... This what I found : http://www.malaysianwings.net/forum/index.php?showtopic=14246&st=0&p=253890&hl Edited December 1, 2010 by Ashmil Abd Ghani Share this post Link to post Share on other sites
Mohd Suhaimi Fariz 2 Report post Posted December 1, 2010 Bukan ke, MASkargo also 1 of cargo airline been fined/case brought to court...I can't recall where and when... This what I found : http://www.malaysianwings.net/forum/index.php?showtopic=14246&st=0&p=253890&hl Ah, actually MASkargo was found not guilty of price fixing in the EU. American investigations I am not sure. http://www.eubusiness.com/news-eu/malaysia-airlines.6w7/ Share this post Link to post Share on other sites
Ikman Ikreza 0 Report post Posted December 1, 2010 Ah, actually MASkargo was found not guilty of price fixing in the EU. American investigations I am not sure. http://www.eubusiness.com/news-eu/malaysia-airlines.6w7/ Glad to hear MASkargo was not guilty, if not is become a big trouble for MAS group. Share this post Link to post Share on other sites
qwejun 0 Report post Posted December 10, 2010 you did a good job Share this post Link to post Share on other sites
KK Lee 5 Report post Posted December 10, 2010 Price fixing is abusive and bad for consumers, and hefty penalty should be imposed to deter future collaboration. Share this post Link to post Share on other sites
