Three more airlines settle in air cargo cartel, Air NZ 'discussing resolution'

Mon, 22 Apr 2013

April 22 (BusinessDesk) - Three more airlines have settled with the Commerce Commission in the long-running air cargo cartel case, paying $9.6 million in penalties, and leaving national carrier Air New Zealand as the final airline yet to do so. In the High Court, Cathay Pacific was ordered to pay $3.4 million, Thai Airways International $2.7 million and MASkargo System Berhad, replacing Malaysian Airlines, $2.6 million for fixing air cargo prices between February 2000 and February 2006, the antitrust regulator said in a statement. The airlin...

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