TAIPEI — Taiwan's China Airlines said on Monday that it has agreed to pay a 40-million-dollar fine in exchange for an end to a US probe into its role in an alleged fuel-surcharge price-fixing case.
The island's leading carrier said that it had agreed to sign a plea agreement with the US Department of Justice (DOJ), under which it will pay the fine in annual installments over five years.
"If approved by the court, the agreement will resolve the DOJ investigation as to China Airlines," the airline said in a statement.
China Airlines (CAL) is among the 16 major international cargo carriers to have entered plea agreements with the DOJ, including Lufthansa, British Airways, Korean Air, Qantas, Japan Airlines, Air France-KLM, Cathay Pacific, Asiana Airlines and Northwest Airlines.
The DOJ in 2006 issued a grand jury subpoena to CAL asking for documents as part of its investigation into alleged fuel-surcharge price fixing.
CAL complied with the subpoena, produced documents to the DOJ and has cooperated with the DOJ since 2006, it said.
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