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Korean Air fined for price fixing

By  |  July 20, 2012
Korean Air fined for price fixing

The Canadian Competition Bureau announced yesterday that Korean Air has pleaded guilty to participating in an air price-fixing cartel between April 22, 2002 and February 14, 2006. The airline was fined $5.5 million by Canada’s Competition Bureau for fixing air cargo surcharges for routes from Canada.

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    The Bureau’s investigation into air cargo surcharges is still ongoing. So far, Cargolux, Air France, KLM, Martinair, Qantas, and BA have pleaded guilty for price-fixing.

    Full content: Competition Bureau Canada

     

    Related content: Japan Airlines to pay $110 mln for price fixing

     

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