Australia hits Cathay, Sinagpore with price-fixing fines

Wednesday, December 12, 2012

Cathay Pacific and Singapore Airlines are the latest casualties in cargo price-fixing scandal, settling their cases and agreeing to pay fines levied by the Federal Court of Australia of $11.25 million and $11.75 million, respectively. These stand as two of the largest fines ever ordered in Australia. The Australian Competition and Consumer Commission, the group leading the charge against alleged price-fixing carriers in Australia, is continuing its case against Air New Zealand and ...

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