On May 8, 2008, Bruce McCaffrey, Quantas Airways’ Vice President of Freight for the Americas, pled guilty and agreed to serve eight months in jail as well as pay a criminal fine of $20,000 for his role in a conspiracy to fix rates for international cargo shipments.
Mr. McCaffrey was the highest ranking Quantas Airways Ltd. (“Qantas”) cargo executive employed in the United States. His alleged involvement in the conspiracy took place from January 2000 to February 2006. Mr. McCaffrey is the first individual to be charged in the wide-ranging investigation into the air transportation industry. He agreed to cooperate in the Department of Justice’s ongoing investigation. His former employer, Quantas along with Japan Airlines International Co. Ltd., British Airways PLC, and Korean Air Lines Co. Ltd. have all pled guilty to their involvement in the conspiracy and have paid criminal fines ranging from $61 million to $300 million.