A PYMNTS Company

New Zealand: Airline backs down from challenging Commission

By  |  June 5, 2013
New Zealand: Airline backs down from challenging Commission

Air New Zealand has just withdrawn its challenge against the nation’s Commerce Commission, originally intended to fight the regulator on a settlement deal reached to end an antitrust case accusing various airlines of price-fixing. Air New Zealand remains one of 11 airlines who have not yet settled with regulator; the case has spread worldwide and includes multinational airlines from the US and Europe accused of colluding to fix cargo prices, in some instances as far back as 2001. Air NZ’s settlement amount regarding the allegations was not disclosed, but both the watchdog and the airline are now reportedly seeking a penalty hearing. The news came in the form of a joint statement between the two bodies.

    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: TVNZ

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

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