Korean Air pleads guilty to price fixing

Canada watchdog body slaps $5.4 million fine

air cargo Air France-KLM British Airways Canada Cargolux Competition Bureau Korean Air Martinair Melanie Aitken price fixing Qantas seventh carrier

Canada’s Competition Bureau has fined Korean Air $5.4 million for air cargo price fixing between 2002 and 2006. The carrier, which has pleaded guilty of participating in the price fixing cartel, is not alone. According to Melanie Aitken, the antitrust watchdog’s commissioner of competition, Korean Air is the seventh carrier the bureau has fined since it launched its investigation. Other carriers that have been fined are Cargolux, Air France-KLM, Martinair, Qantas and British Airways – all have pleaded guilty to the charges – and a number are awaiting indictment, according to a press release.