Tuesday, 29 July 2008

Former Qantas executive jailed

Price-fixing ... the jail term comes on top of a $61m for Qantas (Get Image)

A former senior Qantas executive has been sentenced to six months in a US jail for his role in price-fixing on international air cargo.

Bruce McCaffrey, 65, was once the most senior Qantas executive in North America.

A US judge in Washington DC has sentenced him to six months in jail and given him a $20,000 fine after he pleaded guilty to taking part in an international scheme to fix the price for air cargo shipments.

McCaffrey has today told the court he is very embarrassed and that he would like to apologise to the court and to his family.

Qantas has already paid a $61 million fine and eight other airlines have pleaded guilty too.

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