Northwest Airlines Inc.’s plea agreement over price-fixing in the air-cargo market, requiring the airline to pay a $38 million fine, was approved today by a federal judge.
Northwest Airlines Cargo, which is no longer operating, conspired to fix air-cargo rates in the U.S. and overseas from July 2004 through February 2006, prosecutors charged. Northwest Airlines is now part of Delta Air Lines Inc.
Northwest Airlines Cargo earned more than $80 million from air cargo services between the U.S. and Japan during the time covered by the plea agreement, the Justice Department said. The agreement is part of a Justice Department investigation of price-fixing in global air-cargo shipments that has netted more than $1.6 billion in fines.
“The company has accepted responsibility fully,” U.S. Judge John D. Bates said during the sentencing today in Washington. It “has shown a great deal of responsibility.”
The case is U.S. v. Northwest Airlines LLC, 10cr204, U.S. District Court for the District of Columbia (Washington).
To contact the reporters on this story: William McQuillen in Washington at bmcquillen@bloomberg.net
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