CX PLEAD GUILTY AGAIN
Thread Starter
Join Date: Aug 2007
Location: hong kong
Posts: 241
Likes: 0
Received 0 Likes
on
0 Posts
CX PLEAD GUILTY AGAIN
Just been sent this from a mate in Canada. It can't be true can it? Cathay would never behave like this.
Cathay Pacific Airlines has pleaded guilty to conspiring with other airlines to fix the prices of navigation surcharges on cargo flown to and from Canada, the Competition Bureau announced Thursday.
The airline was fined $1.5 million for its participation in the price-fixing scheme, which occurred between 1999 and 2003.
Seven other airlines have already pleaded guilty to participating in the scheme: Cargolux, Air France, KLM, Martinair, Qantas, British Airways, and Korean Air.
The bureau said the investigation has netted $24 million in fines to date and is ongoing.
"These types of agreements represent one of the most egregious forms of anti-competitive behaviour," said competition commissioner John Pecman.
Under the Competition Act, price fixing carries a maximum penalty of $25 million and/or 14 years in prison, but the air cargo case was prosecuted under older provisions that allow for a maximum fine of $10 million and/or five years in prison.
The bureau said it learned of the price fixing scheme through companies that came forward under the agency's immunity and leniency programs, which lessen the criminal liability of those who reveal information about wrongdoing and co-operate with the bureau's investigation.
Cathay Pacific Airlines has pleaded guilty to conspiring with other airlines to fix the prices of navigation surcharges on cargo flown to and from Canada, the Competition Bureau announced Thursday.
The airline was fined $1.5 million for its participation in the price-fixing scheme, which occurred between 1999 and 2003.
Seven other airlines have already pleaded guilty to participating in the scheme: Cargolux, Air France, KLM, Martinair, Qantas, British Airways, and Korean Air.
The bureau said the investigation has netted $24 million in fines to date and is ongoing.
"These types of agreements represent one of the most egregious forms of anti-competitive behaviour," said competition commissioner John Pecman.
Under the Competition Act, price fixing carries a maximum penalty of $25 million and/or 14 years in prison, but the air cargo case was prosecuted under older provisions that allow for a maximum fine of $10 million and/or five years in prison.
The bureau said it learned of the price fixing scheme through companies that came forward under the agency's immunity and leniency programs, which lessen the criminal liability of those who reveal information about wrongdoing and co-operate with the bureau's investigation.
Thread Starter
Join Date: Aug 2007
Location: hong kong
Posts: 241
Likes: 0
Received 0 Likes
on
0 Posts
Forget the second option
ask yourself why no CX executive ever gets disciplined? They break the law, they break the company's own codes yet they carry on in their jobs, or get a sideways, but nothing else. What if your actions at work resulted in even a few dollars unnecessary costs, let alone millions?
Join Date: Jun 2011
Location: Downunda
Posts: 562
Likes: 0
Received 0 Likes
on
0 Posts
Caring is sharing
CX is actually a caring employer. Anything done by management ultimately is done for the benefit of the entire airline. So if they did something dodgy, it is for everyone's good, hence it is strange that any staff member would think anything otherwise. A mistake here or an oversight there is not such a big issue, please cut senior management a break.
'With responsibility comes accountability'
'With responsibility comes accountability'
