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26.06.2008 - Airlines agree to anti-trust settlement

Four international airlines have agreed to pay 504 million dollars in fines to settle charges they conspired to fleece Airlines fined $504m in US probe ...
Fashion king Saint Laurent dies ...
Deutsche Telekom Share Offer Sparks Full Privatization Rumors ...
Justice ministry under fire for role in Qatari prince case ...
ECB chiefs 'soften' stance on IPL ...
customers by driving up cargo shipping prices.

The Czech Republic news are represented by www.prague-hotel-hotels.com

The US Justice Department has called the case one of the largest anti-trust settlements in US history. Associate Attorney General Kevin O'Connor called the scam an "international price-fixing cartel" that cost consumers hundreds of millions of dollars between 2001 and 2006. In some instances, he said, fuel surcharges rose by 1,000 percent. One of the four airlines, Air France-KLM, has agreed to pay 350 million dollars of the total settlement.

(Deutsche Welle)


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