OTTAWA,ON--A Canadian court fined LATAM Airlines Group C$975,000 ($938,000) after the carrier admitted taking part in an air cargo price-fixing cartel, said a Reuters report.
The Canada's Competition Bureau said the Chile-based airline's guilty plea related to fuel surcharges it imposed on international air cargo shipments from Canada to South America and elsewhere between March 2003 and February 2006.
LAN Cargo was said to be cooperating with Canadian authorities throughout the investigation process. The investigation did not involve LATAM's air passenger business, said the report.
The airline is the ninth to be convicted as part of a Canadian investigation into cargo price-fixing that has resulted in fines exceeding C$25 million so far, noted Reuters.
Canada's Competition Bureau said it will continue to investigate the alleged conduct of other air cargo carriers.
Other carriers that have pleaded guilty to fixing cargo surcharges include Cathay Pacific Airways Ltd., Air France-KLM SA, Cargolux Airlines International, British Airways, Martinair Holland, Qantas Airways Ltd and Korean Air Lines Co Ltd