Top News on SAS Cargo

  • Air France-KLM and others fined $500m for cargo cartel

    <P><A href="">Air&nbsp;France-KLM</A> and three other airline groups have been fined a total of $504 million after pleading guilty to participating in a cartel to fix air cargo transportation rates.</P> <P><A href="">US&nbsp;Department of Justice regulators</A> have imposed a $350 million fine on Air France-KLM and smaller penalties on SAS Cargo, Cathay Pacific and Martinair.</P> <P>Charges filed against the airlines state that they engaged in a “conspiracy to suppress and eliminate competition” by jointly fixing the rates of freight shipment.</P> <P>The Department of Justice says the Air France-KLM fine is the second-highest ever to be levied in a criminal anti-trust prosecution.</P> <P>Cathay Pacific is to pay $60 million for its part in the cartel, while SAS Cargo will pay $52 million and Martinair $42 million.<BR></P> <P>Source: flight global's premium sister partner <A href="">Air&nbsp;Trans

  • Other News for SAS Cargo

  • Air France-KLM and others fined $500m for cargo cartel

    <P><A href="">Air&nbsp;France-KLM</A> and three other airline groups have been...

  • EC levels formal anti-competition allegations at SAS Cargo

    <P>Scandinavia’s <A href="" target=_blank>SAS&nbsp;Group</A> has received...

  • News Listings for SAS Cargo

  • Copenhagen Airports’ net profit up 1.6% in 2011

    News | 01 Mar 2012 14:28

    <p>Copenhagen Airports reported a 1.6% year-on-year increase in net profit to Danish kroner (DKr) 775.8 million ($140 million) in 2011. </p><p>The group said...
  • SAS rejects Commission findings over cartel involvement

    News | 10 Nov 2010 10:01 | David Kaminski-Morrow

    <p>SAS Group is claiming that the fine imposed on its cargo operations by the European Commission is disproportionate and rejects the finding that it was involved...
  • SAS to appeal cartel fine as penalty hammers third quarter

    News | 10 Nov 2010 09:36 | David Kaminski-Morrow

    <p>Scandinavia's SAS Group is planning to appeal the European Commission's fine for anti-competitive behaviour in the freight market.</p><p>But it has absorbed...
  • SAS Cargo settles US cargo cartel lawsuits

    News | 13 Sep 2010 08:28 | David Kaminski-Morrow

    <p>SAS Group's freight division, SAS Cargo, has become the latest company to settle damages claims in the USA connected with price-fixing in the sector.</p><p>The...
  • SAS Cargo names new president

    News | 06 Aug 2009 14:52

    <p>SAS Group has named Leif Rasmussen as the new president of its wholly-owned freight division, SAS Cargo.</p><p>Rasmussen takes over on 17 August. He was...
  • El Al to pay $15 million fine in cargo price fixing scheme

    News | 02 Mar 2009 20:52 | Lori Ranson

    <p>Israeli carrier El Al has reached a settlement with the US District Court of Columbia regarding anti-trust violations related to cargo price fixing.</p><p>The...