3 Airlines Settle New Zealand Cartel Probe
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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