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26.06.2008 - Airlines agree to anti-trust settlement

Four international airlines have agreed to pay 504 million dollars in fines to settle charges they conspired to fleece customers by driving up cargo shipping prices.

The Czech Republic news are represented by www.prague-apartments-hotels.com

The US Justice Department has called the case one of the largest anti-trust settlements in US history. Associate Attorney General Kevin O'Connor called the scam an "international price-fixing German Named Top Manager for United Nations ...
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cartel" that cost consumers hundreds of millions of dollars between 2001 and 2006. In some instances, he said, fuel surcharges rose by 1,000 percent. One of the four airlines, Air France-KLM, has agreed to pay 350 million dollars of the total settlement.

(Deutsche Welle)


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