An Australian court has fined Malaysia Airlines Aus$6 million (US$5.98 million) for price-fixing linked to a massive international cargo cartel. Australia's anti-trust regulator said the carrier's cargo division was hit with the fine after it admitted in the Federal Court that it colluded with other airlines on various fuel, security and customs fees. The admissions related to surcharges on freight from Indonesia between October 2001 and October 2005, a racket in which eight international airlines have already admitted involvement. "This penalty sees the total penalties ordered against this international cartel increase to a record Aus$58 million," said Rod Sims, chairman of the Australian Competition and Consumer Commission (ACCC), on Thursday. "The ACCC's focus on stopping cartel conduct has sent a strong message... cartel conduct is damaging and unlawful because it harms competition and usually inflates prices for consumers," he added. Settlement has already been reached with Korean Air, Japan Airlines, Qantas, British Airways, Cargolux, Martinair, and the now-merged Air France and KLM. Cases continue against Singapore Airlines, Cathay Pacific, Emirates, Air New Zealand and Thai Airways International, according to the ACCC, with proceedings against Garuda Indonesia halted pending a High Court challenge.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor