Chile-based LATAM Airlines has been fined C$975,000 by the Ontario Superior Court of Justice after pleading guilty on 20 August 2013 to participating in an air cargo price-fixing cartel from March 17 2003 until February 14 2006.
LATAM stated it had “… cooperated closely with Canadian authorities throughout the investigation process” It is the ninth party to be convicted as part of a Canadian investigation into cargo price-fixing.
“The Bureau’s investigation into the alleged conduct of other air cargo carriers continues.” the Canadian Competition Bureau said in its statement. To date, the Bureau’s investigation into the fixing of fuel and other surcharges has secured more than CA$25 million in fines. Previously, Air France, KLM, Martinair, Qantas, British Airways, Cargolux, Korean Air and Cathay Pacific have also pleaded guilty to fixing one or more air cargo surcharges for shipments on particular routes to and from Canada.