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Switzerland: Airlines to pay millions for freight rate fixing

By  |  January 10, 2014

Eleven airlines were fined about $12 million by Switzerland’s competition regulator WEKO, say reports, after the companies were found to have colluded to manipulate air freight service prices.

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    The accused, which include United Continental, American Airlines and British Airways, were sanctioned for alleged price manipulation of fuel surcharges, service rates and other fees; airline Lufthansa will reportedly not be fined as it first approached WEKO with news of the alleged cartel.

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    Full Content: Reuters

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