EVA Airways to pay $13m in US DOJ Antitrust case

Taiwan-based EVA Airways has agreed to plead guilty and to pay a $13.2 million criminal fine for its role in a conspiracy to fix prices in the air cargo industry.
 

According to a one-count felony charge filed in US District Court for the District of Columbia, EVA participated in a conspiracy to fix particular cargo base rates or fees charged to customers for certain international air shipments, including to and from the US, from at least as early as January 2003 until at least mid-February 2006.

Under the plea agreement, which is subject to court approval, EVA has agreed to cooperate with the department’s antitrust investigation.

EVA is charged with price fixing in violation of the Sherman Act, which carries a maximum fine for corporations of $100 million. The maximum fine may be increased to twice the gain derived from the crime or twice the loss suffered by the victims of the crime, if either of those amounts is greater than the statutory maximum fine.

As a result of the US Dept of Justice’s investigation into price fixing in the air transportation industry, 22 airlines (including EVA) and 21 executives have been charged, resulting in criminal fines of more than $1.8 billion being imposed and four executives being sentenced to serve prison time. Charges are pending against the remaining executives.

Quelle: eyefortransport
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