SIA, Cathay fined $ 24 mn for cartelization

Fines are part of total of $95.38 mn imposed on 12 airlines

12 airlines air freight cartel Australian Federal Court Australian troops cartel Cathay Pacific meat Middle East Singapore Airlines Cargo

Singapore Airlines Cargo has been ordered by the Australian Federal Court to pay $12.32 mn while Cathay Pacific will have to pay $11.79 mn as fines for being part of a cartel to inflate cost of flying meat to Australian troops in the Middle East. According to news reports, the fines are part of a total of $95.38 mn that have been imposed on 12 airlines involved in the air freight cartel that originated in 1996. In a statement, Singapore Airlines Cargo said it would pay the fine and over $524,000 in legal costs.