Wikinews

Japan Airlines fined US$110 million for price fixing

Thursday, April 17, 2008

A JAL Airbus A300

After admitting to price fixing on cargo services between Japan and the United States, Japan Airlines (JAL) has been fined US$110 million by the United States Department of Justice.

Prosecutors allege JAL earned $2 billion illegally between 2000 and 2006, although it is possible the scheme was operating as early as 1995. British Airways, Korean Air and Qantas all previously admitted being involved and paid fines. The cartel, which created artificially high prices by eliminating competition between its members, was exposed by whistleblower Lufthansa, who alerted authorities in exchange for immunity to prosecution. Three other airlines are also involved.

JAL is the biggest carrier in Japan and the biggest carrier of cargo between Japan and the US.

Japan will not take any further action against the carrier. The investigation was performed by two US groups, the FBI and the Department of Justice.


Sources

 

Share this:           


 

This page is archived, and is no longer publicly editable.

Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

Note that some listed sources or external links may no longer be available online due to age.

The text of this article is licensed under the terms of the Creative Commons Attribution 2.5 License

  This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

Note that some listed sources or external links may no longer be available online due to age.

The text of this article is licensed under the terms of the Creative Commons Attribution 2.5 License
Retrieved from "https://en.wikinews.org/w/index.php?title=Japan_Airlines_fined_US$110_million_for_price_fixing&oldid=4820581"