Home » Aviation, Breaking News » Malaysia’s MASkargo to pay fine of $6 million for price-fixing

Malaysian Airline System and its cargo division MASkargo have agreed to pay a fine of AUD6 million (US$6 million) after the Australian Federal Court ruled it took part in an airfreight price-fixing scheme.

The carrier will also shell out AUD500,000 to cover the legal expenses of the Australian Competition and Consumer Commission (ACCC), which brought the legal action against MASkargo.

The ACCC filed a case against MASkargo on April 9, 2010 for colluding with other airlines in the early to middle 2000s to fix customs fees as well as fuel and security surcharges on the Indonesia-Australia routes.

The settlement came after those by Qantas, British Airways, Air France/KLM, Cargolux, Martinair, Japan Airlines, and Korean Airlines over price-fixing on Australian lanes, MASkargo said.

 

Photo: martinhoward

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