Entries in Cargolux (4)
Sanctions busting at Manston
Many of you have been wondering why the state airline of a pariah nation regularly visits a failing airport in the corner of England.
A while ago, I was told that Iran Air come to Manston to refuel, which struck me as a "reasonable reason" but a woefully inadequate explanation. Things are now becoming clearer...
Cargolux fined. Again.
The European Commission has fined 11 airlines almost 800m euros (£690m) for fixing the price of air cargo between 1999 and 2006. Had the Commission not intervened the "deplorable" cartel "would have continued", said EU Competition Commissioner Joaquin Almunia. The illegal cartel had harmed both companies and consumers, he said. British Airways was fined 104m euros, Air France-KLM 340m euros and Cargolux Airlines 79.9m euros.
Cargolux in international criminal conspiracy
It appears that Infratil's best friends Cargolux are getting their arses kicked for their part in an international criminal conspiracy. Two conspiracies, in fact.
The US Department of Justice has accused several airlines of engaging in a conspiracy to eliminate competition by fixing the international cargo rates they charged, from at least 2001 through 2006. Three of the airlines have coughed up fines to avoid the presumably more expensive rigmarole of going through the courts.