Latest SAS Cargo Group 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...

2009-04-09 11:02:00

Cargolux Airlines International S.A., Nippon Cargo Airlines Co. Ltd. and Asiana Airlines Inc. Agree to Pay a Total of $214 Million in Criminal Fines WASHINGTON, April 9 /PRNewswire-USNewswire/ -- Three international airline companies -- Luxembourg-based Cargolux Airlines International S.A., Japan-based Nippon Cargo Airlines Co. Ltd. (NCA), and Korea-based Asiana Airlines Inc. -- have each agreed to plead guilty and pay criminal fines totaling $214 million for conspiring to fix prices 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,...

2008-09-24 06:00:22

SR Technics and SAS Scandinavian Airlines have signed a contractual agreement covering aircraft services for the airline's Airbus A330 and A340 fleets. The work will be carried out at SR Technics's facilities in Dublin, Ireland, and is due to commence in November 2008. Under the new accord, SR Technics will provide aircraft services for SAS's fleet of four Airbus A330 and seven Airbus A340 aircraft. The work will consist of C-checks and a modification program on the 11 aircraft, and will...

2008-09-08 06:00:16

SAS Cargo, the cargo airline of Scandinavian Airlines System, has announced that it will launch a new service between Scandinavia and India, effective October 27, 2008. The airline will operate the new service with Airbus A340/330 aircraft with three weekly round-trips. In the winter traffic program, the flight leaves Copenhagen, Denmark, for Delhi, India, on Mondays, Wednesdays and Saturdays; and returns from Delhi on Tuesdays, Thursdays and Sundays. Each flight offers an approximate...

2008-06-27 15:02:43

By RICHARD NEWMAN, STAFF WRITER SAS Cargo Group, which has its U.S. hub at Newark Liberty International Airport, is one of four international freight carriers that have agreed to pay a combined $504 million to settle charges they ripped off U.S. customers in a price-fixing scam. The U.S. Justice Department said Thursday that Air France-KLM, Cathay Pacific Airways, Martinair Holland and SAS pleaded guilty to accusations that they conspired to fix cargo rates on shipments. The plea...

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...

2008-06-26 15:01:45

Several international airlines agreed to plead guilty and pay fines totaling $504 million in a cargo rate price-fixing case, the U.S. Justice Department said. Air France-KLM Royal Dutch Airlines -- now operating under common ownership -- agreed to pay a $350 million criminal fine, the second-highest fine in a criminal antitrust prosecution, the department said Thursday in a release. Documents filed with the U.S. District Court for the District of Columbia indicate the airlines conspired...

Word of the Day
  • Remarkable; prodigious.
  • Audacious; gutsy.
  • Completely; extremely.
  • Audaciously; boldly.
  • Impressively great in size; enormous; extraordinary.
This word is probably from the dialectal 'boldacious,' a blend of 'bold' and 'audacious.'