A New Zealand High Court approves settlement in a long-running air cargo cartel case (Air New Zealand)

Press releases published on New Zealand Commerce Commission

Air New Zealand final airline to settle with Commerce Commission in air cargo case* The High Court has approved a settlement under which Air New Zealand will pay a $7.5 million penalty for price-fixing in breach of the Commerce Act. The company is the last airline to settle with the Commerce Commission in its long-running air cargo cartel case. Today's penalty judgment brings the total penalties ordered in the case to $42.5 million. The Commission previously reached settlements with British Airways, Cargolux, Cathay Pacific, Emirates, Korean Air, MASKargo, Qantas, Japan Airlines, Singapore Airlines Cargo and Thai Airways. Air New Zealand

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New Zealand Competition Authority, A New Zealand High Court approves settlement in a long-running air cargo cartel case (Air New Zealand), 13 June 2013, e-Competitions Bulletin Cartel settlements, Art. N° 62485

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