Nippon Cargo Airlines, Asiana Airlines and Cargolux plead guilty to cargo price fixing

Nippon Cargo Airlines (NCA), Asiana Airlines and Cargolux agreed (09-Apr-09) to plead guilty to US Department of Justice (US DoJ) charges of collaboration to fix cargo rates and will pay a total of USD214 million in fines. NCA will pay USD45 million in fines, while Asiana will pay USD50 million and Cargolux will pay USD119 million. All three carriers have agreed to cooperate with ongoing investigations by the DoJ and their plea agreements are subject to final court approval. Further fines are expected to be imposed by the EU, which is conducting its own investigations.