SINGAPORE: SIA Cargo to pay $49M fine for price fixing

The cargo unit of Singapore Airlines (SIA) will pay a S$62.5 million (US$48.9 million) fine to the US Justice Department. The company has pleaded guilty to conspiring with other air cargo companies to fix rates on international shipments. A Singapore Airlines Cargo spokesperson said the company “will not be pleading guilty in all other jurisdictions, […]


The cargo unit of Singapore Airlines (SIA) will pay a S$62.5 million (US$48.9 million) fine to the US Justice Department. The company has pleaded guilty to conspiring with other air cargo companies to fix rates on international shipments. A Singapore Airlines Cargo spokesperson said the company “will not be pleading guilty in all other jurisdictions, which include Australia and New Zealand, as the US plea is for limited conduct and limited liability.” The US judge presiding over the case has said that the offence involves “significant misconduct in the marketplace”, adding that the fine is “at the top of the guideline range”. SIA Cargo’s case is part of a broader investigation by the US Justice Department into cargo price-fixing in which a total of 21 airlines and 19 executives have been charged and more than US$1.7 billion in fines have been levied. Other airlines that have agreed to pay fines in the investigation are Polar Air Cargo, a unit of Atlas Air Worldwide; Air France-KLM; Cathay Pacific Airways; SAS Cargo Group and Martinair Holland NV, a unit of KLM.