A PYMNTS Company

Australia: Settlement with Thai Airways brings int’l airline charges to $100M

By  |  December 17, 2012

A case with the Australian Competition and Consumer Commission has been settled by Thai Airways after the airline agreed to pay $8.44 million (USD) for price-fixing charges. The fines added to the growing collective fine reaching near $100 million (AUS) issued to international airlines by the ACCC. In USD the fines thus far have surpassed $100 million. The authority began an investigation into the airline regarding price-fixing of fuel surcharges in freight transport, among other things, about three years ago; the investigation also enveloped Emirates, Cathay Pacific and Air New Zealand. The former two have also settled; cases against Air New Zealand and Garuda Indonesia are ongoing.

Full Content: The Australian

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.