More Price Fixing
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More Price Fixing
Thai Airways fined $7.5m for price-fixing
It seems that the management at all airlines are cut from the same cloth.
Thai Airways has admitted to engaging in price-fixing in a global air freight cartel and has been fined $7.5 million in the Federal Court.
The airline, which was one of several pursued by the Australian Competition and Consumer Commission (ACCC), settled its case and admitted to reaching understandings with other airlines about certain charges for fuel, security and customs between 2001 and 2005.
Qantas, Malaysia Airlines, Emirates, Cathay Pacific, Singapore Air Cargo and Korean Air Lines have previously been fined for their parts in the price-fixing agreement.
The airline, which was one of several pursued by the Australian Competition and Consumer Commission (ACCC), settled its case and admitted to reaching understandings with other airlines about certain charges for fuel, security and customs between 2001 and 2005.
Qantas, Malaysia Airlines, Emirates, Cathay Pacific, Singapore Air Cargo and Korean Air Lines have previously been fined for their parts in the price-fixing agreement.
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CX just cleared of price fixing by the office of fair trading with Virgin on the London HK route
CX were the whistleblowers on the affair but OFT found insufficient evidence.
Perhaps in a spirit of repentance for previous misdeeds CX are admitting to wrongs they did not commit
So maybe they were price fixing all by themselves after all
CX were the whistleblowers on the affair but OFT found insufficient evidence.
Perhaps in a spirit of repentance for previous misdeeds CX are admitting to wrongs they did not commit
So maybe they were price fixing all by themselves after all
Last edited by mr Q; 17th Dec 2012 at 12:29.
