Japan Airlines Exits NZ Air Cargo Antitrust Probe For $2M

Law360, New York (June 29, 2012, 7:02 PM EDT) -- The High Court of New Zealand on Friday approved a settlement between Japan Airlines Co. Ltd. and New Zealand's Commerce Commission, ordering the airline to cough up NZ$2.275 million (US$1.82 million) in penalties for its role in an air cargo price-fixing scheme.

Japan Airlines copped to violating the Commerce Act in a price-fixing conspiracy involving fuel and security surcharges implemented in Europe, the U.S. and Asia for cargo flown to New Zealand, as well as cargo flown from New Zealand to Asia, according to the Commerce...
To view the full article, register now.