High Court fines Japan Airlines for fixing air cargo rates
Jun 29, 2012
New Zealand's High Court has fined Japan Airlines (JAL) $2.275 million NZD for fixing air cargo prices as a member of a 13-airline cartel. JAL set fuel and security surcharges for cargo routes from Europe, the United States and Asia to New Zealand, as well as a cargo route from New Zealand to Asia.
The Commerce Commission and JAL had agreed on the fine as part of a pre-trial settlement, which was then recommended to the High Court. The fine was reduced by 35 percent to reflect JAL's continuing cooperation with the Commission's ongoing probe into cargo service price-fixing. British Airways, Cargolux, and Qantas have already settled with the Commission; cases are still pending against Air New Zealand, Cathay Pacific, Emirates, Korean Air Lines, Malaysian Airlines, Singapore Airlines Cargo and Singapore Airlines, and Thai Airways.
Full content: Commerce Commission
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