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Former Qantas exec gets 8 months’ jail for price-fixing

A former senior Qantas Airways executive has agreed to plead guilty and spend eight months in jail for taking part in an international cargo price-fixing conspiracy that is still being investigated by the US Department of Justice (DOJ).

The DOJ says in a statement that Bruce McCaffrey, former Qantas VP of freight for the Americas, has agreed to plead guilty, spend eight months in jail and pay a criminal fine of $20,000 “for participating in a conspiracy to fix rates for international air cargo shipments”.

McCaffrey is the first person to be charged in the DOJ’s ongoing investigation of price-fixing in international air cargo shipments. Late last year Qantas agreed to plead guilty and pay a $61 million criminal fine for price-fixing related to its air cargo operations.

British Airways, Japan Airlines and Korean Air have also paid fines and many other

This entry was posted on Friday, May 9th, 2008 at 2:00 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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