AUSTRALIA'S competition regulator has started legal action in the Federal Court against two more airlines alleging price fixing of air cargo prices.
Air New Zealand and Japan Airlines International became the 14th and 15th airlines to be charged with alleged price fixing in the air cargo industry, the Australian Competition and Consumer Commission (ACCC) said in a statement.
The ACCC alleges that between 2002 and 2006, both airlines entered into ``arrangements or understandings with other international air cargo carriers that had the purpose or effect of fixing the price of a fuel surcharge and a security surcharge that were applied to air cargo carried by them and other airlines.''
"The ACCC alleges that arrangements or understandings were reached in Singapore, Hong Kong and Japan for fuel surcharges applied to cargo originating in those countries,'' the ACCC said in the statement.
Start of sidebar. Skip to end of sidebar.
End of sidebar. Return to start of sidebar.
"The ACCC also alleges arrangements or understandings were reached in Singapore and Hong Kong for a security surcharge applied to cargo originating in those countries.''
The ACCC said it was seeking declarations, injunctive relief, pecuniary penalties and costs.
A directions hearing is scheduled for June 10 in the Federal Court.
The ACCC had previously commenced legal action against Singapore Airlines Cargo, Cathay Pacific Airways, Emirates, PT Garuda Indonesia, Thai Airways International, Korean Air Lines, Malaysian Airline System Berhad and its wholly-owned cargo subsidiary Malaysia Airlines Cargo Sdn Bhd.
Airline merger talks boost stocksPeabody tries to delay Macarthur meeting
