No charges for price-fixing SIA Cargo staff
09 / 02 / 2011
SINGAPORE Airlines (SIA) Cargo – which was recently fined US$48 million by the US for its part in an international price-fixing cartel – will not take action against any of its staff for their part in the crime.
A spokesperson for the company said the airline’s executives “have acted in good faith and without any personal gain”.
The US Department of Justice confirmed that it would not charge any SIA Cargo employees.
The spokesperson stressed however that the carrier would fight similar charges brought by other countries and the EU.
“SIA Cargo will not be pleading guilty in all other jurisdictions, including Australia and New Zealand,” he said.
It has allocated $156 million for fines imposed by the EU and South Korea.