AIR New Zealand has settled its cargo price-fixing case
with the country's Commerce Commission by paying a NZ$7.5 million (US$5.95
million) fine for breaching the Commerce Act between 2001 and 2006, reported
APNZ news agency.
Air New Zealand admitted liability to charges related to
inbound cargo services to the Japan and Malaysia routes. With regard to the
charge for its Australian service, the airline neither contested nor admitted
to them.
The airline was the last one to settle the charges with
the commission. Ten other airlines with similar charges have silently settled
their cases and paid a total NZ$35 million in penalties.
Air New Zealand still faces charges by the Australian
Competition and Consumer Commission in relation to air cargo price-fixing on
fuel and security surcharges from 2002 to 2006.
Source : HKSG, 10.06.13.
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