FOR IMMEDIATE RELEASE THURSDAY, AUGUST 23, 2007 WWW.USDOJ.GOV AT (202) 514-2007 TDD (202) 514-1888 The U.S. District Court for the District of Columbia today accepted the Department of Justices plea agreements with British Airways Plc and Korean Air Lines Co. Ltd. that had been announced on Aug. 1, 2007. In court today, the companies pleaded guilty and were sentenced to pay separate $300 million criminal fines for their roles in conspiracies to fix the prices of passenger and cargo flights.
Todays sentencing demonstrates that those who violate the antitrust laws and seek to deny American consumers and businesses the benefits of competition will be held accountable for their actions, said Scott D. Hammond, Deputy Assistant Attorney General for Criminal Enforcement of the Departments Antitrust Division. The Antitrust Division is actively continuing its investigation into the air transportation industry. 07-648
Source: US Department of Justice
