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Martin Murray

Freight Price Fixing Fines

By December 11, 2012

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Price Fixing The Australian Competition & Consumer Commission (ACCC) announced that it was fining Singapore Airlines and Malaysian Airlines after its investigation of the 2003 attempt to fix prices on the cost of carrying meat from Australia to troops fighting in the Middle East. The Federal Court in Sydney fined Singapore Airlines $11.75 million (US $12.32 million) for its part in the price fixing, while Malaysian Airlines was fined $11.25 million (US $11.80 million).

Singapore Airlines have said that the price fixing attempt was not a policy by the airline, but by one individual. This defense did not sway the ACCC and it imposed the second largest fine ever against Singapore Airlines. The ACCC still has actions pending against Garuda Indonesia, Air New Zealand and Thai Airways. In November, Emirates was fined $10 million for fixing fuel prices, a security surcharge and a customs fee on freight carried from Indonesia to Australia and other countries between October 2001 and May 2006.

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Comments

December 11, 2012 at 5:18 pm
(1) Jim Brand says:

It’s good to see that someone is going after these airlines that are costing companies millions in unnecessary fees and surcharges.

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