Korean Air Lines and Emirates have been ordered to pay a total of $5 million in penalties by the High Court at Auckland for their part in an air freight price fixing case.
The Commerce Commission alleged that the airlines colluded to impose fuel and security surcharges for air cargo into and out of New Zealand.
Korean Air will pay $3.5m and Emirates $1.5m as part of a settlement reached with the Commerce Commission yesterday.
This brings the number of airlines that have settled with the commission to six out of 13 airlines the Commission filed proceedings against in 2008.
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