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Company: Asiana Airlines Inc.
Current Parent Company:
Korean Air Lines Co Ltd
Parent at the Time of the Penalty Announcement:
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Recap of Ownership Changes:
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Penalty: $50,000,000
Year: 2009
Date: April 9, 2009
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-Scandal:
Price Fixing
Violation Description: Three international airline companies -- Luxembourg-based Cargolux Airlines International S.A., Japan-based Nippon Cargo Airlines Co. Ltd. and Korea-based Asiana Airlines Inc. -- agreed to plead guilty and pay criminal fines totaling $214 million for conspiring to fix prices in the air cargo industry.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-District of Columbia
Civil or Criminal Case: criminal
HQ Country of Current Parent: South Korea
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: airlines
Specific Industry of Current Parent: airlines
Source of Data:
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Archived Source:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
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