Asian Airlines Fined $8.1M Over Air Cargo Price-Fixing

Law360, New York (April 22, 2013, 1:14 PM EDT) -- A New Zealand court on Monday fined Cathay Pacific Airways Ltd. and two other southeast Asian airlines a total of NZ$9.6 million (US$8.1 million) for their roles in an air cargo cartel, penalties agreed to as part of settlements with the country's antitrust regulator.

The New Zealand High Court ordered Hong Kong's Cathay Pacific, Thailand's Thai Airways International PLC and Malaysian Airline System Bhd.'s MASkargo System Bhd. Ltd. to shell out penalties in a cartel case brought by the New Zealand Commerce Commission, the competition watchdog...
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