Luxembourg, 10th April 2009: Cargolux Airlines International S.A., among other cargo airlines, has entered into a plea agreement with the United States Department of Justice (DoJ) in connection with its ongoing investigation relating to air cargo services of a large number of international air cargo operators in the US.

“Cargolux has cooperated intensively with the DoJ and the other authorities throughout the investigation and will continue to do so. Cargolux takes its obligation and commitment to abide by the laws and specifically competition laws very seriously. Cargolux has meanwhile reviewed and reinforced its competition compliance program in place, which requires all our staff to fully comply with such requirements at all times.” says Mr. Marc Hoffmann, Chairman of the Board of Cargolux.

Under the agreement, Cargolux pleads guilty to a violation of the US Sherman Act relating to the charging of surcharges by major carriers for international air cargo shipments and accepts to pay a fine of US$ 119 million, payable in installments over the coming 5 years. The agreement reached remains subject to court approval.

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