Sunday, June 28, 2009

Air Cargo Rate Fixing in Canada?

3 airlines fined $10M for fixing air-cargo rates
Three related international airlines have been fined a total of $10 million for fixing air cargo rates on some routes out of Canada, the Competition Bureau said Friday.
Air France, KLM and Martinair pleaded guilty to fixing surcharges on air cargo exported from Canada between April 2002 and February 2006, the bureau said in a news release.
KLM and Air France are separate brands operated by the same company, and KLM owns Martinair.

Someone make me understand this because I honestly do not see the crime and FSM knows that I am very much in favour of corporate criminals getting their just desserts.

Isn't this roughly the same as fining GM because there is price fixing between Buick, Saturn and Chevrolet?

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