As foreshadowed in Qantas’ Annual report, Qantas has announced to the ASX it has entered a Plea Agreement with the US government to settle its liability in the USA resulting from illegal price fixing conduct by its Freight Division involving fuel surcharges.
Qantas has agreed to pay a fine of US$61 million.
UPDATE 15 January 2008: Qantas fined AU$68M (ABC News)
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Posted 29th November 2007 by David Jacobson in Trade Practices