|
|||||||||||
|
|
|||
By Bill Goldston |
||||
November 7, 2010 - All Nippon Airways Co. Ltd. (ANA) has agreed to plead guilty and to pay a $73 million criminal fine for its role in two separate conspiracies to fix prices in the air transportation industry, the Department of Justice announced. According to a two-count felony charge filed in U.S. District Court for the District of Columbia, Japan-based ANA engaged in a conspiracy to fix one or more components of cargo rates charged for international air cargo shipments from at least as early as April 1, 2000, until at least Feb. 14, 2006.
ANA is also charged with engaging in a conspiracy to fix
unpublished passenger fares on tickets purchased in the |
||||
|
||||
Under the
plea agreement, which is subject to court approval, ANA has also
agreed to cooperate with the department?s ongoing antitrust
investigation. ANA transports a variety of cargo shipments, such
as heavy equipment, perishable commodities, and consumer goods,
on scheduled international flights, including to and from the
According
to the charges, ANA carried out the conspiracies by agreeing
during meetings and other communications on certain components
of the cargo rates to be charged for shipments on routes between
the United States and Japan, and on unpublished passenger fares
to be charged on tickets purchased in the United States. As part
of the conspiracies, ANA levied cargo rates and unpublished
passenger fares in accordance with the agreements reached, and
monitored and enforced adherence to the agreed-upon cargo rates
and unpublished passenger fares. ANA is charged with two counts of price fixing in violation of the Sherman Act, which carries a maximum fine for corporations of $100 million for each violation committed after June 22, 2004, and $10 million for violations committed before that date. The maximum fine for each count may be increased to twice the gain derived from the crime or twice the loss suffered by the victims of the crime, if either of those amounts is greater than the statutory maximum fine. |