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MASkargo fined AUS$6m over cargo cartel
by hlk Thu 14 Jun 2012, 15:23
MELBOURNE: Australia’s Federal Court fined Malaysia Airlines
Cargo AUS$6 million for price fixing, stemming from a cartel action
brought by the Australian Competition and Consumer Commission, the
watchdog said today.
The penalty brings the total penalties against the international
cargo cartel to AUS$58 million, a record for Australia’s competition
commission from a single cartel investigation.
MASkargo is the ninth airline to settle proceedings against it,
with the Malaysian company admitting to price fixing on fuel and
security surcharges and customs fees for air freight from Indonesia,
the commission said. -- Reuters
Cargo AUS$6 million for price fixing, stemming from a cartel action
brought by the Australian Competition and Consumer Commission, the
watchdog said today.
The penalty brings the total penalties against the international
cargo cartel to AUS$58 million, a record for Australia’s competition
commission from a single cartel investigation.
MASkargo is the ninth airline to settle proceedings against it,
with the Malaysian company admitting to price fixing on fuel and
security surcharges and customs fees for air freight from Indonesia,
the commission said. -- Reuters
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