Malaysia Airlines fined $5.98 million
Carrier admitted to fixing prices between 2001 and 2005
June 14, 2012
Air New Zealand Australian Competition and Consumer Commission Australian Federal Court Cathay Pacific Emirates Garuda Indonesia Malaysia Airlines MASkargo price fixing Singapore Airlines Thai Airways International
The Australian Federal Court has slapped a $5.98 million fine on Malaysia Airlines’ MASkargo air freight business for price fixing as part of an international cartel. MASkargo admitted to fixing prices on fuel surcharges, security surcharges and customs fees between 2001 and 2005. The Australian Competition and Consumer Commission (ACCC) launched proceedings against the company in April 2010. Among the other airlines involved in the case are Singapore Airlines, Cathay Pacific, Emirates, Air New Zealand, Thai Airways International and Garuda Indonesia.