Singapore Airlines fined $4.1M in cartel case

Yahoo! Finance New Zealand, 21 Dec 2012
Singapore Airlines Cargo has been fined $4.1 million for its role in colluding to fix prices for air cargo in the latest settlement with the Commerce Commission.
In the High Court in Auckland, Justice Chris Allan today ordered the airline to pay the third-biggest fine out the seven settlements to date, taking the running tally to $24.48 million. SIA Cargo, a subsidiary of Singapore Airlines, admitted liability for agreeing to fuel and security surcharges in Indonesia and Malaysia for cargo flown to New Zealand over a four-year period. The judge also awarded $260,000 in costs to the antitrust regulator. Full story

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Auckland court fines Singapore Airlines $4.1m for fixing cargo prices - Scoop.co.nz
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