Emirates admits to price fixing
Agrees to pay of $10.3 million in the case instituted by Australian Competition and Consumer Commission
October 15, 2012
Dubai-based Emirates has pleaded guilty in the price-fixing case instituted by the Australian Competition and Consumer Commission and has agreed to pay a fine of US$10.3 million. The airline is in fact the tenth airline settling the case. The proceedings were started against Emirates in 2009 where it was blamed for being part of a cartel that operated in the air freight market. Emirates agreed that it had reached illegal understandings with other airlines relating to surcharges and a customs fee on air freight from Indonesia to Australia and elsewhere between October 2001 and May 2006. Cases against Singapore Airlines, Cathay Pacific, Air New Zealand and Thai Airways will be heard by the court from 22 October. Garuda Indonesia will also be in the dock.