Press Trust of India/ Bloomberg / Seoul May 27, 2010, 18:23 IST
Korean Air Lines, the world's largest international air-cargo carrier, Japan Airlines Corp and 17 other airlines were fined after a South Korean anti-trust agency said they fixed cargo shipment rates.
The Scandinavian Airlines and Air India were given warnings, it said.
The carriers will be fined 120 billion won ($97 million), the fair trade commission of South Korea said in an e-mailed statement today in Seoul. The Korean probe follows similar investigations in the US, Europe and Australia into how cargo carriers set fuel surcharges.
The Korean Air in August 2007 agreed to plead guilty and pay a $300 million fine in the US over the justice department findings that it colluded with other carriers on prices. The Australian competition and consumer commission earlier this month said it filed a lawsuit against Japan Airlines Corp over alleged price fixing on fuel and security surcharges between 2002 and 2006.
The Australian agency has also filed civil suits against Cathay Pacific Airways, Korean Air, Air New Zealand and five other airlines, it said at the time.
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