MASkargo fined $6 million downunder

The Australian Federal Court has slapped an A$6 million (US$6.17) fine on Malaysia Airlines’ cargo unit, MASkargo for price fixing as part of an international cartel. Malaysia Airlines admitted to fixing prices on fuel surcharges, security surcharges and customs fees between 2001 and 2005.


MASkargo


The Australian Federal Court has slapped an A$6 million (US$6.17) fine on Malaysia Airlines’ cargo unit, MASkargo for price fixing as part of an international cartel. Malaysia Airlines 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.