NEW ZEALAND: Air New Zealand vindicated in US cargo cartel probe

Air New Zealand has been vindicated after spending the last five years insisting it had no part to play in the global price fixing cartel that has impacted a wide swath of air cargo carriers.


air cargo cartel NEWZEALAND probe US vindicated


Air New Zealand has been vindicated after spending the last five years insisting it had no part to play in the global price fixing cartel that has impacted a wide swath of air cargo carriers. The carrier said it had received a letter from the US Department of Justice confirming that Air New Zealand was “no longer a subject or target of the ongoing grand jury investigation”.

Air New Zealand was also not among carriers fined by the European Commission, nor by the South Korean authorities in their investigation.

In the US, 21 airlines and 21 executives have been charged in the Justice Department’s investigation with fines totalling more than US$1.8 billion having been levied thus far and four executives sentenced to serve prison terms.

The European Commission has imposed penalties against 11 airlines totalling €800 million (US$1.1 billion) and in Canada, six airlines have entered guilty pleas and been fined a total of C$17 million (US$17 million).