Yet More Air Freight Corruption Costs a Packet as Cargo Airlines Fined (Again)
Saturday, August 31, 2013BRAZIL – Earlier this week, Brazil’s competition authority the Administative Council of Economic Defence (Cade) fined four airlines, ABSA Cargo Airlines, Varig Logística, American Airlines and Alitalia and seven individuals a total of more than R$293 million, for their part in an air cargo price fixing cartel relating to additional fuel surcharges on international air freight shipments. The collusion took place between 2003 and 2005 and, according to Cade, the participating companies came to control about 60% of the market in Brazil during this period and the prosecution has caused one company to go under.
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