Cargolux confirms guilty plea by two of its executives in US antitrust case

Luxembourg, 9 December 2011 - Cargolux Airlines International S.A. today confirmed that Ulrich Ogiermann, Special Advisor to the Company, and Robert Van de Weg, Senior Vice President Sales & Marketing, have entered into a plea agreement with the United States Department of Justice (US DoJ). The agreement includes guilty pleas by both executives and follows their personal indictment by a US grand jury for alleged violations of US antitrust laws. Ogiermann and Van de Weg agreed to sentence serving of 13 months. JOC Story: Cargolux Execs Get 13 Months for Air Cargo Price-Fixing. Cargolux itself pleaded guilty in May 2009 in similar US proceedings against the company and agreed to pay a fine of US$ 119 million. While expressing its regret for the executives personally, Cargolux acknowledges their decision to plead guilty as a way to finally bring this matter to a controlled close both for them and the company. The charges against Ogiermann and Van de Weg relate to conduct they undertook on behalf of the company and do not allege that they derived any personal benefit from the activities in question. To date, a total of 22 airlines and 21 executives have been charged in the DoJ’s air cargo investigation and more than US$ 1.8 billion fines have been imposed. Cargolux remains fully committed to abiding by all applicable antitrust laws and regulations at all times and has taken thorough steps across the company to ensure that it conducts its business according to the highest ethical standards. About Cargolux Airlines International Cargolux, based in Luxembourg, is Europe’s largest all-cargo airline and launch customer for the new generation Boeing 747-8 freighter airplane. The Company operates a modern fleet of 2 Boeing 747-8 cargo aircraft and 13 Boeing 747-400 freighters. Its worldwide network covers 90 destinations, 60 of which are served on scheduled all-cargo flights. The Company has more than 85 offices in over 50 countries, and also offers an extensive trucking network to more than 180 destinations worldwide, as well as charter and aircraft maintenance services. Cargolux employs nearly 1,500 staff worldwide.