Japan Airlines (JAL) has been ordered by the High Court to pay a $2.3 million penalty for price-fixing breaches of the Commerce Act.
The Commerce Commission said JAL has admitted liability in regards to agreeing fuel and security surcharges in Europe, the US and Asia for cargo flown to New Zealand, according to the NZ Herald.
JAL also admitted liability for cargo flown from New Zealand to Asia.
The penalty, as recommended to the court by both the commission and JAL as part of a pre-trial settlement, included a 35 percent discount to recognise JAL's admissions and ongoing cooperation with the Commission's investigation.
The price-fixing was alleged to have occurred over a period of more than six months.
JAL¡¯s admittance marks the fourth airline to settle with the commission in a 2008 case involving thirteen other airlines; alleged to be conspiring to impose cargo surcharges in and out of New Zealand.
The Commerce Commission has garnered $16.4 million in settlements since 2008.
The High Court will hear the case against the remaining defending airlines in Auckland in March 2013.
The defending airlines are Emirates, Malaysian Airlines System, Singapore Airlines Cargo, Korean Airlines Co, Singapore Airlines, Cathay Pacific Airways, Thai Airways International and Air New Zealand.
Monday, July 02, 2012
JAL admits to price-fixing
Source = e-Travel Blackboard: P.T