A PYMNTS Company

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

By  |  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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Cargonews Asia

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