BREAKING NEWS
One driver dead following truck crash on SH27, 7km south of Matamata ... Read more
Close

Airline admits to cartel, fined $4.1m

RICHARD MEADOWS
Last updated 05:00 22/12/2012

Relevant offers

Industries

Scrap metal prices for Taranaki 'in the doldrums' Spotless Facility Services to pay $15,500 for bullying complaint failures BNZ reports half a billion dollar increase in impaired dairy loans Gym chain Cityfitness launches review to investigate national selfie ban NZ's foreign trust review slammed as 'limited' by Transparency International Huge fee hike approved for Overseas Investment Office Civil and environmental engineering courses come to Waikato John Key says Panama Papers leak a cautionary tale for Kiwi businesses Ford NZ lost in transmission over Australian class action Tesla production, spending rising, 500,000 cars planned in 2018

A long-running legal action against air cargo price-fixing has claimed its seventh scalp, with Singapore Airlines Cargo ordered to pay a $4.1 million penalty.

Today's High Court judgment brings the total fines ordered in the cartel case to $25.48m.

Singapore Airlines Cargo admitted it had agreed on fuel and security surcharges in Indonesia and Malaysia for cargo heading to New Zealand over nearly four years. The company received a 20 per cent discount to the penalty for admitting its guilt.

The Commerce Commission previously reached settlements with British Airways PLC, Cargolux Airlines International SA, Emirates, Korean Air Lines, Qantas Airways and Japan Airlines International.

Ad Feedback

- BusinessDay.co.nz

Special offers

Featured Promotions

Sponsored Content