Airline admits to cartel, fined $4.1m

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

Relevant offers

Industries

McKinsey Global Institute: a different look at income inequality HD version of Freeview's satellite television service on the horizon Wellington student accommodation blocks for sale Ivanka Trump on her 'amazing' father and building her own brand Fraud crackdown gets software upgrade as NZ software company Auror expands in Australia Samsung releases Rio Olympic Games 'anthem' Finance diary New marine park leaves d'Urville Island fishing families facing uncertain future Radio boss Wendy Palmer celebrates survey success Safety agency says criticism of its TV adverts is 'a distraction'

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