Thursday, May 8, 2014

China Air and price fixing

China Air is the last of many airlines which have agreed to pay fines for fixing prices with other carriers for transport of air cargo.

The case is being handled in Brooklyn, New York.

From Bloomberg News

Previous accords involved airlines including Lufthansa Cargo AG, Societe Air France, Qantas Airways Ltd. and British Airways Plc, according to settlement filings. Of the previous settlements, 18 have received final approval from a judge, according to court documents. Three have received preliminary approval, the complainants said.
Shipping customers sued the airlines in 2006 alleging that they were fixing prices through surcharges related to fuel costs and security following the Sept. 11, 2001, terrorist attacks in the U.S.
In addition to paying $90 million, China Airlines will provide $200,000 for settlement notice and administration costs and will cooperate in the case against the remaining companies, the complainants said.

click here for link to complete article

1 comment:

Angela Navejas said...

This is really a nice blog in which you discuss about an International Shipping which means a lot for those who is unable transfer their things from one place to another place.

Shipping from USA to India | Shipping from India to USA