Singapore Airlines Cargo has agreed to plead guilty to fixing prices on air-cargo shipments. The airline will pay a $48 million criminal fine. The US Justice Department charged the airline of engaging in a conspiracy to fix prices from 2002 until at least February 2006 and filed the charge in a federal court. The cargo airline, a subsidiary of Singapore Airlines, apparently colluded with other air-cargo shippers to fix shipping rates, in violation of federal antitrust law.

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In