Aussie Court Fines Thai Airways $8M Over Cargo Cartel

Law360, New York (December 17, 2012, 4:54 PM EST) -- An Australian court fined Thai Airways International Public Co. Ltd. AU$7.5 million (US$7.9 million) for price-fixing after the carrier admitted to taking part in an air cargo cartel, the country's antitrust watchdog said Monday.

More than three years after the Australian Competition & Consumer Commission sued Thai Airways for price-fixing, the company admitted to colluding with its rivals on the fuel and security surcharges and customs fees for freight shipped from Indonesia to Australia.

"Thai accepts that the contraventions were very serious," Justice Anna Katzmann said...
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