Airlines fined $504m in US probe (BBC)

[eppur_se_muova]

Five airlines have agreed to pay fines totalling $504m (£253m) for conspiring to fix prices for air cargo rates, the US Justice Department says.

The airlines include Air France and KLM, now operated by a single holding company, which is to pay $350m.

The other airlines involved are Cathay Pacific, Dutch airline Martinair and Scandinavia's SAS.

The payments come after a wide-ranging inquiry into the air cargo industry by the department's anti-trust division.

A statement by the department said the fine imposed on Air France-KLM was the second-highest levied in a criminal anti-trust prosecution to date.
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more: http://news.bbc.co.uk/2/hi/business/7475946.stm

Surprise! It's not American companies this time!