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Friday, May 24, 2024 | Back issues
Courthouse News Service Courthouse News Service

Air France Execs Face Price-Fixing Charges

CHICAGO (CN) - Two former executives of Paris-based Société Air France led a price-fixing conspiracy and imposed illegal surcharges on air-cargo shipments, a new federal indictment charges.

Between August 2004 and February 2006, Marc Boudier and Jean Charles Foucault - both former executive vice presidents within Air France's cargo division, allegedly conspired with their associates to refuse to pay their customers commissions on surcharges for air-cargo shipments, some of which left or entered the United States, according to the indictment.

They also worked to suppress and restrain competition for international air-cargo services.

Boudier and Foucault face up 10 years in prison and a $1 million fine if convicted of the charge of price-fixing in violation of the Sherman Act.

"A total of 21 airlines and 21 executives, including Boudier and Foucault, have been charged in the Justice Department's ongoing investigation into price fixing in the air transportation industry," the Justice Department claims. "To date, more than $1.8 billion in criminal fines have been imposed and four executives have been sentenced to serve prison time. Charges are pending against the remaining 17 executives, including Boudier and Foucault."

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