3 Airlines Settle New Zealand Cartel Probe

Law360, New York (March 17, 2011, 11:29 PM EDT) -- A trio of carriers, including British Airways PLC, have settled their roles in an ongoing probe into airline industry cartels, New Zealand's antitrust watchdog announced Friday.

British Airways, Qantas Airways Ltd. and Cargolux Airlines International SA will admit liability and pay significant fines, according to a statement from the New Zealand Commerce Commission.

Qantas reported Thursday that it agreed to fork over NZ$6.5 million ($4.66 million).

"[This] reflects a 50 percent discount for Qantas' cooperation with the commission in its investigation of the cartel," Qantas said....
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