Taiwan-based China Airlines agreed to plead guilty and to pay a $40 million criminal fine for its role in a conspiracy to fix prices in the air transportation industry, the U.S. Department of Justice announced on Monday.
The FAA is seeking to fine Evergreen International Airlines over $4m for allowing pilots to operate aircraft on commercial operations with incorrect training.
Southwest Airlines on early Monday morning announced that it has entered into a definitive merger agreement with AirTran Airways to acquire the airline for nearly $1.4 billion.