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Hong Kong/Australia: ACCC fines Hong Kong airline more than $12M

 |  December 6, 2012

Cathay airways has been issued more than $12 million in fines by the Australian Competition and Consumer Commission after the antitrust regulator found the airline, based in Hong Kong, guilty of the price-fixing of air cargo between 2000 and 2006. Part of the settlement of the case, whose investigation was initiated in 2009, was for Cathay to plead guilty and has said in a statement that it will take the “best possible corrective actions” to remedy the situation.

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