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US Department of Justice: Singapore Airlines Cargo Pte Ltd. agrees to plead guilty to price fixing on air cargo shipments

( December 1, 2010, 13:49 GMT | Official Statement) -- MLex Summary: The US Department of Justice has issued a statement announcing that Singapore Airlines Cargo has agreed to pay a 48-million-dollar criminal fine for participating in illegal price fixing. The airline also pleaded guilty to fixing cargo rates on shipments to and from the US. A total of 20 airlines and 17 executives have now been charged in the Justice Department’s ongoing investigation into price fixing in the air transportation industry.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....

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