Tuesday
May122009
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.