Air New Zealand says claims withdrawn as other airlines settle over cargo cartel, seeks costs

Thu, 17 Apr 2014

April 17 (BusinessDesk) – Air New Zealand says claims against it as part of a class action lawsuit in Australia over alleged price fixing on freight have been withdrawn and the airline won’t be contributing to an A$38 million settlement by other airlines. The suit, which began in 2007 against Air NZ, Qantas, Singapore Airlines, Cathay Pacific, British Airways and Lufthansa Cargo related to alleged price fixing on international freight services starting in 2000. Customers of the air freight services had sought damages of A$200 million for lo...

Try free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
A custom library of your saved stories
An industry-leading search engine
Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Support quality New Zealand journalism by subscribing today.

Find out more

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Election 2020

ELECTION 2020: Labour undented by second covid lockdown: poll

Andy Fyers and Pattrick Smellie | Tue, 22 Sep 2020

Labour would still be able to govern alone on current support levels, according to the first opinion poll of the rescheduled election campaign. Pattrick Smellie reports.

Markets

MARKET CLOSE: NZ shares buck global sell-off

Dan Brunskill | Tue, 22 Sep 2020

New Zealand shares rose as renewed fears of further pandemic lockdowns in Europe pushed the kiwi dollar lower and improved the outlook for Fisher & Paykel Healthcare.The S&P/NZX 50 Index rose 70.12 points, or 0.6 percent, to 11,609.22. Within the index, 24 stocks rose, 21 fell an...

Economy

Govt seen as safe pair of hands – Ipsos poll

Staff reporters | Tue, 22 Sep 2020

A poll has indicated strong support for the Labour-led government’s handling of the covid-19 pandemic and shows most people perceive the party as the best to handle the majority of issues in NZ.The Ipsos New Zealand Issues Monitor uses a panel to track people’s views on issues. I...

Partner Content

The whole story behind good investment decisions

If there was ever a time when strong financial metrics were the single trademark of a good company, that time has long passed. Responsible investors need to know beyond the profit a company will generate this year or next.