View Full Version : Emirates fined for price fixing

12th Oct 2012, 00:49
Breaking news
Emirates cops $10m fine for freight cartel role (http://www.smh.com.au/business/emirates-cops-10m-fine-for-freight-cartel-role-20121012-27gsx.html)

and more to come as the ACCC goes for the jugular!


12th Oct 2012, 01:13
The global cartel originated in 1996, when at least 17 airlines, including Qantas, introduced freight levies on air cargo to counter rising jet fuel costs.

The Australian regulator's legal action against Singapore Airlines, Cathay Pacific, Air New Zealand and Thai Airways is due to be heard in the Federal Court in Sydney from October 22.

The ACCC also has action proceeding against Garuda Indonesia following a High Court decision last month which found that the flag carrier was not eligible for foreign state immunity.

Seems like they were'nt alone.


12th Oct 2012, 15:04
JAL paid $110M to the US DOJ a couple of years ago, BA paid something around $300M, and Australia is just NOW getting in on the scam?