Air New Zealand gives up anti-trust fight

Air New Zealand, the only one of 11 airlines not to settle an anti-trust suit over cargo with New Zealand's Commerce Commission, has withdrawn a court challenge to the settlement deal.


Air New Zealand anti-trust Commerce Commission New Zealand price fixing settlement


Air New Zealand, the only one of 11 airlines not to settle an anti-trust suit over cargo with New Zealand’s Commerce Commission, has withdrawn a court challenge to the settlement deal. The airline has agreed to pay as yet unspecified costs to the regulator and the two sides have sought a penalty hearing, according to a joint statement from the airline and the regulator.

The alleged price-fixing has been the subject of anti-trust process worldwide, with large settlements from airlines in Europe, the US and Asia. The commission has received penalties from British Airways, Cargolux Airlines, Emirates, Japan Airlines, Korean Air Lines, Qantas Airways, Singapore Airlines Cargo, Cathay Pacific, Thai Airways International and MASkargo System Berhad, which replaced Malaysian Airlines.

The regulator dropped proceedings against Garuda Indonesia, United Airlines and six Air New Zealand executives in 2011, and discontinued against two Qantas executives in February last year.