Air, Freight News, Logistics

More airlines rapped for Oz price-fixing

[ December 12, 2012   //   ]

Cathay Pacific has been fined AUS$11.25 million (US$11.8 million) and Singapore Airlines Cargo AUS$11.75 million (US$12.3 million) for taking part in an airline price-fixing cartel that sought to fix fuel surcharges on government contracts from 1996 onwards. The Australian Competition and Consumer Commission (ACCC) said Singapore Airlines and Malaysia Airlines had colluded on a contract to transport Australian meat to the Middle East for Gulf War troops while Cathay Pacific had tried to reach a price-fixing deal with Qantas on the cost of a new 747 freighter service to Hong Kong.

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