Australia Fines Malaysian Over Cargo Cartel
Published: June 14, 2012
Australia’s Federal Court fined Malaysia Airlines Cargo AUD$ 6 million (USD$ 5.97 million) for price fixing, stemming from a cartel action brought by the Australian Competition and Consumer Commission, the watchdog said on Thursday.
The penalty brings the total penalties against the international cargo cartel to AUD$ 58 million, a record for Australia’s competition commission from a single cartel investigation.
MASkargo is the ninth airline to settle proceedings against it, with the Malaysian company admitting to price fixing on fuel and security surcharges and customs fees for air freight from Indonesia, the commission said.