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Monday, August 13, 2007

Qantas anticipates price-fixing fine

Qantas anticipates price-fixing fine : "The statement notes that British Airways and Korean Air have agreed to plead guilty and each pay US$300 million in criminal fines for their roles in conspiracies to fix prices of passenger and cargo flights."

So who is fining them and where does the money go? How does it happen that airlines which have been flying in and out of countries for years are suddenly in breach of the law? Why don't they know what the laws are all of a sudden? Is this corporate law at work? What on earth is going on?

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