$23M In Fines The Latest For Airlines In Aussie Cartel Probe

Law360, New York (December 7, 2012, 5:33 PM EST) -- A pair of Asian airlines are the latest to face penalties for participating in a widespread air freight price-fixing cartel and will pay a total of $23 million in fines, Australia's competition regulator announced Friday.

The Australian Competition and Consumer Commission said Hong Kong-based Cathay Pacific Airways Ltd. and Singapore Airlines Cargo Pte Ltd. will pay respective penalties of $11.25 million and $11.75 million, making the companies the 11th and 12th airlines to reach settlements in Australia's ongoing investigation into allegations that Cathay, SAC and others...
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