Wednesday, November 4, 2009

ACCC fines airlines for illegal price fixing

The Australian Competition and Consumer Commission (ACCC) penalised the following airlines for alleged price fixing between 2003 and 2006:
  • Air France
  • Koninklijke Luchtvaart Maatschappij NV (KLM)
  • Cargolux International Airlines S.A. (Cargolux)
  • Martinair Holland NV (Martinair)
The alleged contraventions relate to fuel surcharges applied to international carriage of air cargo during that period. Air France and KLM admitted to entering into illegal price fixing understandings with Lufthansa and Martinair admitted to having entered into price fixing agreements with KLM and Cargolux in early 2003. Cargolux also admitted to having entered into such agreements. Acting on these admissions and the recommendations, the Federal Court at Sydney fined Air France and KLM to the tune of $ 6 million and $ 5 million on martinair and cargolux for violations of the Australian Trade Practices Act, 1974. ACCC press release

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