US charges Japanese airlines execs with price fixing

THE US has charged three Japanese airline executives with cargo price-fixing.

Takao Fukuchi, JAL’s former vice-president of cargo, and Yoshio Kunugi and Naoshige Makino, both ex-senior executives of Nippon Cargo Airlines, conspired to coordinate cargo rates charged to customers for international air shipments to and from the United States. Fukuchi and Kunugi were involved from December 1999 to February 2006, Makino from June 2001 to February 2006.

If they are found guilty, each could receive a maximum penalty 10 years in prison and a US$1 million criminal fine. The fine could be increased to twice what their companies gained or twice what their customers lost.
 

Share this story

Related Topics

Latest news

Wilson joins ASL in fleet role

By Damian Brett

ASL Aviation Holdings has appointed Fergus Wilson as ASL’s group fleet and leasing director. Wilson joins from from Aer Lingus…

Read More

Share this story

Celebi to launch mandatory truck slot booking in Frankfurt

By Damian Brett

Cargo handler Celebi will move to mandatory slot booking for trucks at its Frankfurt facility as it looks to meet…

Read More

Share this story

WorldACD: Air cargo sees “some kind of normality” in April

By Rachelle Harry

Global airfreight volumes and capacity were up in April 2021, the latest figures from analyst WorldACD, suggesting — as with March…

Read More

Share this story