Air cargo probe now includes more than a dozen carriers. Authorities have contacted or visited the offices of more than a dozen airlines as they investigate alleged price-fixing in the air cargo industry. The European Commission, U.S. Department of Justice and FBI declined to provide more details on the probe. Feb 16, 2006
Authorities raid cargo airlines in price-fixing probe. The European Commission and the U.S. Department of Justice on Tuesday raided cargo airlines in Europe and the U.S. searching for evidence of a price-fixing cartel. On Wednesday, the probe expanded to Asia, and authorities searched for information at Japanese, South Korean and Hong Kong carriers. The probe could affect the global air cargo market. Boeing has predicted that the market will grow 6.2% annually for the next 20 years. Feb 15, 2006
Competition for freighters heats up. Airbus is finishing its A380F freighter and is preparing to compete against...