How price-fixing airlines scored massive penalty discounts

Eleven airlines who settled with the anti-trust regulator over fixing prices on fuel and security surcharges on air cargo negotiated as much as a 39 percent discount to what could have been penalties totalling some $70.15 million.

Air New Zealand was the last airline to cut a deal with the Commerce Commission, and had its $7.5 million penalty ratified by Justice Geoffrey Venning in the High Court in Auckland yesterday.

 

Want to read more?

Choose a Subscription type that's right for you HERE
Already have an account? Login