Japan Airlines fined $2.3M after admitting liability in cargo price fixing cartel

Fri, 29 Jun 2012

By Jonathan Underhill June 29 (BusinessDesk) - Japan Airlines, the carrier that emerged from bankruptcy last year, has been fined $2.3 million for breaches of New Zealand’s competition law for its part in an air cargo price fixing cartel. The penalty was imposed in the High Court in Auckland as part of a prosecution brought by the Commerce Commission. Japan Airlines is the fourth airline to settle with the commission, which filed proceedings against 13 carriers in December 2008 alleging they colluded to impose fuel and security surcharges fo...

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