British Airways and Korean Airlines agree to pay more than $300 million each in deal with Antitrust Division
Client Alert | 1 min read | 08.03.07
The Antitrust Division of the U.S. Department of Justice announced on August 1, 2007 that two major airlines will plead guilty to charges that they conspired with other major airlines to fix prices for passenger and cargo services. Each airline will pay more than $300 million in fines for conduct that affected U.S. passengers and shippers.
In the U.S., both British Airways and Korean Airlines were charged with conspiring with competitors to fix rates, including fuel and security surcharges, in violation of Section 1 of the Sherman Act (15 U.S.C. §1).
Also on August 1, the United Kingdom’s Office of Fair Trading (OFT) announced that British Airways had agreed to pay roughly $275 million in fines to that agency. The timing of these announcements demonstrates close coordination between U.S. and foreign antitrust authorities.
Insights
Client Alert | 6 min read | 07.17.25
On 11 July 2025, the European Commission published the final version of its Code of Practice for General-Purpose Artificial Intelligence (GPAI). This Code is meant to serve as a tool for GPAI model providers, helping them to comply with the transparency, copyright and security provisions governing general-purpose AI models as set out in the AI Act (arts. 53 and 55), which will become applicable on 2 August 2025. Adherence to the Code is on a voluntary basis.
Client Alert | 3 min read | 07.17.25
(Not the Funniest) Weekend Update: Recap of Recent Developments in the EU-US Tariff Dispute
Client Alert | 5 min read | 07.16.25
Client Alert | 8 min read | 07.16.25
