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Latest air transportation industry Stories

2009-04-29 12:42:00

Martinair Holland Executive Agrees to Serve Jail Time WASHINGTON, April 29 /PRNewswire-USNewswire/ -- A Dutch citizen and executive of Martinair Holland N.V. (Martinair) has agreed to plead guilty, serve time in jail and pay a criminal fine for participating in a conspiracy to fix cargo rates for international air shipments, the Department of Justice announced today. Including today's charge, a total of 15 airlines and four executives have pleaded guilty or agreed to plead guilty in the...

2009-01-22 11:23:00

Companies Agree to Pay More Than $124 Million in Criminal Fines WASHINGTON, Jan. 22 /PRNewswire-USNewswire/ -- Three air cargo carriers, LAN Cargo S.A. (LAN Cargo), Aerolinhas Brasileiras S.A. (ABSA), and EL AL Israel Airlines Ltd. (EL AL), have each agreed to plead guilty and pay criminal fines totaling $124.7 million for their roles in a conspiracy to fix prices in the air cargo industry, the Department of Justice announced today. Under the plea agreements, LAN Cargo, a Chilean company,...

2008-08-18 12:00:37

Wings Financial Federal Credit Union, one of the largest credit unions in the United States and the first credit union dedicated to employees of the air transportation industry, today announced that it will open its 18th branch office in Orlando. The branch office, conveniently located near the airport in the Airside Commerce Park at 9647 Tradeport Drive, is scheduled to open on November 1st. "Our newest branch office is well-positioned to serve one of the busiest travel destinations in...

2008-06-26 15:02:47

WASHINGTON, June 26 /PRNewswire-USNewswire/ -- The following are remarks prepared for delivery by Associate Attorney General Kevin O'Connor at press conference regarding air cargo: Good morning. Thank you for being here. With me today are Scott Hammond, Deputy Assistant Attorney General for the Antitrust Division's Criminal Enforcement Program and Joe Persichini, Assistant Director in Charge of the FBI's Washington Field Office. We are here to announce significant new developments in...


Word of the Day
tessitura
  • The prevailing range of a vocal or instrumental part, within which most of the tones lie.
This word is Italian in origin and comes from the Latin 'textura,' web, structure.