Singapore Airlines and Cathay Pacific have copped fines of $23 million between them for their part in a global air freight cartel, which included attempts by the Singaporean carrier to fix prices for transporting meat to troops in the Middle East.
The fine imposed on Singapore Airlines’s cargo unit comes after it admitted to attempting to fix rates with Malaysia Airlines for meat exports to US and Australian troops stationed in the Middle East.
In the latest chapter in the unravelling of the cartel, the Federal Court in Sydney has ordered Singapore Airlines and Cathay to pay fines of $11.75 million and $11.25 million respectively. Full story
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