WASHINGTON—Singapore Airlines Cargo Pte Ltd. has agreed to plead guilty and to pay a $48 million criminal fine for its role in a conspiracy to fix prices in the air transportation industry, the Department of Justice announced today.According to a one-count felony charge filed today in U.S. District Court for the District of Columbia, Singapore-based Singapore Airlines Cargo engaged in a conspiracy to fix the cargo rates charged to certain customers in the United States and elsewhere for international air shipments from as early as February 2002, until at least Feb. 14, 2006. Under the plea agreement, which is subject to court approval, Singapore Airlines Cargo has also agreed to cooperate with the department’s ongoing antitrust investigation. Full story
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Singapore airline accepts US price fixing fine - MSN Philippines News
