El Al agreed to plead guilty to colluding on cargo shipping charges and will pay a $15.7 million criminal fine, the US Dept. of Justice announced. The Israeli carrier joined LAN Cargo and subsidiary ABSA Cargo Airline, which also pleaded guilty last week and will pay a combined fine of $109 million (ATWOnline, Jan. 23). The three carriers "engaged in a conspiracy in the US and elsewhere to eliminate competition by fixing the cargo rates charged to customers for international air shipments," ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.