France-KLM 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
Department of Justice regulators have imposed a $350 million fine on Air France-KLM
and smaller penalties on SAS Cargo, Cathay Pacific and Martinair.
filed against the airlines state that they engaged in a “conspiracy to suppress
and eliminate competition” by jointly fixing the rates of freight shipment.
Department of Justice says the Air France-KLM fine is the second-highest ever
to be levied in a criminal anti-trust prosecution.
Pacific is to pay $60 million for its part in the cartel, while SAS Cargo will
pay $52 million and Martinair $42 million.