In November 2010, the European Commission fined Singapore Airlines Cargo 74.8 million euros for its involvement in a global cartel that included ten other carriers. The Commission found that the carriers—including SIA, Japan Airlines, Qantas, Air Canada, Air France-KLM, and British Airways—had fixed fuel and security surcharges for more than six years. Singapore Airlines Cargo said it would likely appeal the ruling.
On 30 November 2010, Singapore Airlines Cargo pleaded guilty to a US$48 million fine imposed by the U.S. Department of Justice for its role in a conspiracy to fix cargo rates since February 2002, until at least 14 February 2006. Singapore Airlines Cargo's price fixing is in violation of the Sherman Act, which carries a maximum fine for corporations of US$100 million.
In December 2013, Singapore Airlines Cargo agreed to settle over the issue of price fixing in the United States, without admitting to any wrongdoing or liability. Numerous airlines, including SIA Cargo, saw class action taken against them in 2006 following investigations by various competition authorities on price fixing in air cargo services in the US. SIA Cargo decided to accept an amicable resolution to settle the class action with the payment of US$62.8 million.
In November 2010, the European Commission fined Singapore Airlines Cargo 74.8 million euros for its involvement in a global cartel that included ten other carriers. The Commission found that the carriers—including SIA, Japan Airlines, Qantas, Air Canada, Air France-KLM, and British Airways—had fixed fuel and security surcharges for more than six years. Singapore Airlines Cargo said it would likely appeal the ruling.
On 30 November 2010, Singapore Airlines Cargo pleaded guilty to a US$48 million fine imposed by the U.S. Department of Justice for its role in a conspiracy to fix cargo rates since February 2002, until at least 14 February 2006. Singapore Airlines Cargo's price fixing is in violation of the Sherman Act, which carries a maximum fine for corporations of US$100 million.
In December 2013, Singapore Airlines Cargo agreed to settle over the issue of price fixing in the United States, without admitting to any wrongdoing or liability. Numerous airlines, including SIA Cargo, saw class action taken against them in 2006 following investigations by various competition authorities on price fixing in air cargo services in the US. SIA Cargo decided to accept an amicable resolution to settle the class action with the payment of US$62.8 million.
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